These guys are clowns and treating shareholders like morons.
a few big red flags
1. “Transition to fair value reporting”. This is dangerous, Enron like situation, where they are going to book future profits of unresolved cases immediately to juice profit reporting.
2. $133m revenue forecast for FY24 vs cost base of $130m means a small or 0 profit for another year
3. Fair value adjustment of financial assets of $2.1m this year to turn a loss for FY23 to a tiny profit for $0.9m
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