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12:40
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Originally posted by sandy1066:
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The ASX has a statutory function.This debacle is not the exchanges fault.Listed companies know the rules and should scupulously adhere to them.The management of ABI have been very quick to pick up subsidiaries on terms that include non regulated virtual assets that cant be adequately audited as to worth .Furthermore these subsidiaries had non audited accounting financials that did not meet ASX standards either.While management indulged in these shopping sprees noone was taking care of the company books to ensure it was listing compliant.The managers need to immediately pay attention to the listing rules and get the company listing compliant.Many poster seem to think it's enough to have tech whizzes in charge....not if you're listed
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is that the job of the asx or the auditor? the financials were done by grant thornton which is the independent auditor
