jrslim.. good point on tax loss carry over.. slipped my mind ... the $3.5mil was directly from the financial accounts supplied in the BDO report.. i
i know voting is over but i just want to make the point to the crew who think we have been miraculously saved and led to heaven by NS purchase.. OBJ has a long road of paying off debt and turning NS around from sliding profits.. what happens if Danny doesnt turn it around and next FY has an even worse result than 2019 ? It's quite possible.. but i know our BOD are credentialed to the max so our money is safe.. isn't it ?
on another note.. i notice NS paid bugger all income tax in 2016 and 2017... hmmm makes you wonder.. did the tax man catch up with Danny last year and that's why he took that big loan out ? we will never know.. but certainly wasn't paying his company taxes in those 2 years..
OBJ Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
(20min delay)