This is likely just the start of the rug pull.
There are clearly accounting irregularities at play here.
Anyone who's followed the stock for more than a few weeks would recall their explanations around the Christmas period shutdowns being why revenues and cash receipts didnt match, and an expectation this would catch up in the coming quarter.
Now we have the next quarters numbers and what do we have? More Excuses and Explanations as to why reported revenue is so high but the cash flow isnt there!
This one smells. It smells bad. Where there's smoke there's fire. Tread carefully gents.
This is likely just the start of the rug pull.There are clearly...
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$1.55 |
Change
-0.415(21.2%) |
Mkt cap ! $1.124B | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.83 | $1.42 | $85.77M | 55.22M |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 15409 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 8320 | 2 |
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| DRO (ASX) Chart |