The accounts are NOT audited, only reviewed. From page 34 ....
"A review of a half-year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we
would become aware of all significant matters that might be identified in an audit.Accordingly, we do not express an audit opinion."
Legal action against the company in 2019, that the company never bothered to inform the market about...
Loans in 2018 that the company never bothered to inform the market about...
Loss of over $2m in cash, (including extra spending in 2018), written off in 2018, that they never bothered to inform the market about.
Now who was saying last year "where did the money go??"
So some large shareholders have already put in a lot of cash to keep the company going since 2018, now are desperate to keep it going to try and get some of it back.
WFE Price at posting:
2.4¢ Sentiment: Sell Disclosure: Not Held