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Ann: Company appointment of new Chairman, page-18

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profitjunkie

192 Posts.

49

22/03/18

12:16

Post #: 31946929
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Originally posted by OzJ ↑

Umm... shouldn't you be asking these questions?

* Who is the new auditor? The investor centre still lists PKF. So did they get a new audit firm or just change audit partner?

* Does this concluding sentence from the new chairman sound like they are restating accounts? And looks like they have rev rec issues with the way they reported the cash advances from FCC? "The results will respond to the recent ASX guidelines on reporting as well as comply with a new accounting standard, AASB 15, which is aimed at clarifying revenue recognition for fast-growing companies”

* And again, what's up with the finance and investor background on the board? Where's the tech startup background? The digital world type stuff?

The are about to do a cash injection and I bet they get their cash from Russian interests given the background of the two new board members. That will definitely have an impact on BIG priorities.

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You mean like the fact that most boards on the asx are filled with people from finance backgrounds ?

I think this post takes the cake for taking rumourtrage to the next level, russian cash injections?

BIG Price at posting: $2.22 Sentiment: None Disclosure: Not Held
7 Upvote

0 Great analysis

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