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Ann: Appendix 4E & 30 June 2018 Financial Report, page-77

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happytrader2015

2,487 Posts.

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05/09/18

09:42

Post #: 35421191
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Originally posted by Wisefool22 ↑

You guys are hilarious.

Capitalising development costs isn’t just accounting “make up” as you say. There are tax benefits to it, but the way you say it sounds like the whole accounting profession is just a financial statement make up artist.

“I’m not scaremongering, here’s a couple of articles saying the next recession is around the corner, HAVE YOU THOUGHT ABOUT THAT???”

You can literally find an article every single day saying the next recession is around the corner, since the news and the share market was a thing.

Yes there will be a recession at some point, i think on average it’s every 5 years or so. But nobody knows when and currently the economy in the US is doing very well probably a bit inflated due to Trumps short term incentives.

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"...There are tax benefits to it,..."
really? They need to make a profit first and already have 53m in accumulated losses, so tax benefits as a motive is a pretty long bow.

AJX Price at posting: 14.0¢ Sentiment: None Disclosure: Not Held
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Last 1.3¢		Change 0.000(0.00%)		Mkt cap ! $20.46M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	999999	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	137511	2

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No.	Vol.	Price($)
1	999999	0.011
2	3058333	0.010
5	2072715	0.009
2	1075000	0.008
2	240000	0.007

Price($)	Vol.	No.
0.014	137511	2
0.015	906200	4
0.016	429958	1
0.017	321118	2
0.018	115942	2

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