thanks for indulging me with the extravagant accounting analysis in 5 points.
Do I believe these AASB 9 and AASB 15 treated statements that allows a revision down of the June 30 , 2018 assets by $30million ( it's on page 20) ?
No, no more than I believe that the Oaktree debt at 31 December 2018 is $43.7 million. We're agreed the Oaktree debt is $50million [ plus the nasty Payment in Kind PIK escalator of circa $8million].
Between the auditors,the dilettante former management, the spineless former directors and the scheming Oaktree...they've combined to destroy the (alternative funds management )business.
You seem to be suggesting that no only has the business been destroyed but the faulty accounts hide the fact that the net liquidation value is nil .
yes?
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