They need a bit of cash - if you read the Annual report you will see that the ATO has raised a $5.3m tax liability. CFE have offered $600k in full settlement.
If this blows up the ATO may revert to $18m claim.
What has been going on with the accounts that an amount of $5.3m for tax liability for years 2011 to 2015 has now appeared. Creative accounting?
Overall had income of $1.337m and total loss of $10.945m.
Not good.
CFE Price at posting:
2.4¢ Sentiment: None Disclosure: Held
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