Extract from the opening page of the announcementCORPORATE...

Extract from the opening page of the announcement



CORPORATE ACTIVITIES:
Suspension of Trading
• Trading of the Lakes Blue Energy NL’s (Company, or Lakes) shares was originally suspended
by the ASX in October 2019, following late lodgement of the Company’s 2019 Annual Report.
As in not unusual for a junior exploration company, the Annual Report contained a ‘disclaimer
of opinion’ regarding the Company’s financial position. The disclaimer of opinion reflected the
fact that Lakes could not demonstrate to the Auditor that it had unconditional access to funds
to meet cash requirements for a twelve-month period.

Suspended for two years - paying themselves a nice salary

Shame they could pay a proof reader to get the opening sentence correct