Manchicken, he said there will be an update to the market very shortly and he is working to finalise the annual report for 19/20 and we will likely see that next week.
I asked about the independent report and he said he had been busy handling the case with Freeman and that everything is in there that the report uncovered if you look up the ruling.
he said there is a lot of work going on behind the seems, as seen in the quarterly report we are generating revenue and this trend has continued which is good news. you an also see in the timeline of the report that he was doing things by the book the moment he joined - which is why the fraud was uncovered and India was shut down and why we are now where we are with a new business plan.
I think he has done well to turn this around into what it is now operating as a viable business and due to be trading again within months
realistically this was clearly a fraud from 2012 as you can see with manipulated reports, details left out and even fake sales by manipulating the books - Cedric, freeman and the CFO who made up the modelling theories are to blame
ELE Price at posting:
6.9¢ Sentiment: Hold Disclosure: Held
