As I understand it, the auditors have to review all of these...

As I understand it, the auditors have to review all of these things. As a reasonable person am I and the general public not able to believe that the auditor would have been able to get a comprehensive answer and review of all matters. The Venture Egg ABC program was aired 24 July 2024. This isnt a new thing and management would have provided for all known liabilities or even contingent liabilities I assume. It would, I presume, have been an audit matter as a subsequent event to the 2024 financial year. it would surely have come up again at the half year.

VR is certain it's - "nothing to see here" They also attack posters who don't hold. Surely by now posters will realise that most, if not all, negative posters did hold. We are not trolls but people who believed and invested. Some invested a lot of money.

So why are we still interested? Interestingly in my case it's that in a company MHM ( now gone ) it was @firsova that first warned me that all was not well with MHM. That questioning made me ask larger questions. Sometimes it's not the making of money but the avoidance of losses that protects your assers and let's you fight another day.

So lets ask padrinomessina a question- why is it that we value SEQ as a sum of the parts rather than a multiple of earnings? Simply put - in my opinion- the earnings have underwhelmed. The opportunity has not led to the success we expected or were entitled to expect.

So lets just ask VR and co - In 2023 the guidance referred to a 2024 Ebitda of $10 million. It was not achieved.
The Morrison's sale was magic $40 million for 80%. That places a value of $10 million on the 20% you still hold. That I believe its still in the Balance Sheet at that value. However, as I understand it the new owners had the asset (80% holding in Morrison's) " boomerang" to the US backer (per AFR article) in receivership deal. Well how much did this investment return in the latest half year - well it was $116k. If I stuck my $10 million in a bank I should earn 5% so for half a year it should generate $250k. Given the noise - my question is - is it worth the $10 million? To ask the real question- what values do you place on the sum of the parts? Do you even have enough information to value the parts?

A great friend keeps telling me the market is always right. So maybe the real measure of SEQ is it's share price. I sold my last holdings at around 55c Today it's trading at 28c. Maybe its time for the fan club to stop digging and to start asking questions? VR stated many times that I did not know what I was talking about. Nothing to see here- they may be correct but a lot of people seem to be taking a very deep look at this company.

The above review is a personal opinion - my personal opinion. It's not advice if anything it's suggesting that you ask the questions and draw your own conclusions. I have no idea what this business is worth nor what the share price should be.