This is all just window dressing and a process that began many...

This is all just window dressing and a process that began many months ago. They know exactly what the outcome will be and it will not be pretty for us. This company will be used as an accounting/management case study - how not to run a company. Their incompetence is staggering.

The big boys wouldn't be trying to make a decision about whether to buy or not without knowing the precise financial position of the company. What is the exact amount owing to creditors?

When are the rules going to be changed so that ALL shareholders are provided with the same information?

This is the paragraph Ozblue referenced in his earlier post:
Page 35, Equity Raising Presentation
CREDITORS
Morila SA has amounts owing to creditors in connection with many of its operational contracts. Morila SA does not have sufficient operating income with which to pay those creditors, and therefore the Company has been negotiating the repayment of certain amounts owing.

Definition of "insolvent" from Google:

insolvent

/ɪnˈsɒlv(ə)nt/

Learn to pronounce

adjective

1. unable to pay debts owed.

   "the company became insolvent"

I am surprised they haven't been issued with another "Please explain" from ASIC.

From ASIC site:
ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors.