Hi Oliver’s,
It always seems to be ‘one off’ items that cause the bottom line to be any worse. Can you point to the most recent set off accounts where a ‘one-off’ event/item has not been blamed?
Also are you worried about the viability of the business? On page 28 the auditor has raised ‘Emphasis of matter - Material uncertainty related to going concern’, mostly as liabilities exceed assets by $6.7m! I find this very concerning and is similar to the wording of the previous auditor in the annual report.
Oh and as per note 8 of the financials also called out by the auditor, where it is alleged an employee misappropriate company cash. Sounds like an interesting story, care to share details of the story involving the alleged sticky fingered person in the till?
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