My hunch is that it may be due to a lack of clear accounting standards regarding crypto. My hunch is that from an accounting point of view AB1 have to make their own judgments on the way to account for transactions without any clear guidelines. ASX may disagree with the way AB1 have done it.
A crude example would be imagining if there was no such thing as Capital gains tax, and someone sold and asset. There are guidelines around what should be classed as revenue. Accountant decides it does not meet those guidelines, asx decide it does.
Not sure if that makes sense (or is even the case) but that is how I see the situation - it's hard to account for something without clear standards around it.
- Forums
- ASX - By Stock
- AB1
- Ann: Deal to make MotoGP blockchain game, raises at a premium
Ann: Deal to make MotoGP blockchain game, raises at a premium, page-16
-
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AB1 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online