Revenue from a finance agreement is only real when it is earned. All that CRO have done is sent out a couple of proposals that clients have accepted but financing conditions need to be be met before formal approvals and settlement of funds can take place.
Even if the deals were real and revenue generating it is hardly worthy of an announcement because this is something a finance company like Invigo should be doing every day this would be why the ASX would have pushed back and rightly so. CRO should not have even contemplated announcing this....very armature and not Portfolio Stock / Insto worthy that is for sure!
Ann: Request for reinstatement of trading, page-48
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