the financial incompetency of this is amazing, surely the CFO has to go. A lot of the issues were known and should have been in the cashflow forecast. Warning signs were there when the Chairman resigned too, a good indication that funds aren’t being used appropriately and potentially what they presented to Pattos to get the cap raising away was a big stretch of the truth
pattos near perfect record of backing lemons looks set to continue
Ann: Quarterly Cashflow and Summary of Activities, page-15
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