These guys are cooked. The ASX will start to look at all the...

These guys are cooked. The ASX will start to look at all the related-party transactions and will hang them from the nearest tree.

They'll wonder how the company kept a prestigious and large Collins Street address for so many years when there was no income. I understand it was shared / paid for by Endless Solar - a company that made no money and lived off endless government grants.

They'll wonder why companies gave us 30% of their equity for no money; why they'd give up 30% of their profits for a handful of magic beans.

They'll ask themselves how they allowed such a company to stay on the boards.

The bottom line is that management have only produced a mountain of shares, never raised any money (not in this decade anyway) and dreamed a merry scheme of a capital-gains-free, magic fountain of money.

Needless to say, these guys saying they're worth $2000 a day is risible. Not even H&R block would hire them with such disgraceful and self-serving accounting practices.

R.I.P. A.I.Y