Ann: Response to ASX Query Letter, page-18

there are some real pluses in this ...
AB1 has been forced into developing a standardised accounting and reporting model to role out across all subsidiaries. Massive job given the new frontiers.
no wonder the admin costs blew out last quarter!!!
I feel confident that this is heading the right way.
The ASX have a job to do, if only they were as diligent in other facets of their operations... bot trading for example.
anyhoo, I'm still not thrilled with the halt but I'm in for the very long term so pleased this is being nipped in the bud, and absolute clarity established at this early stage.
there will no doubt be a few other companies around rapidly adjusting their own accounts as a result of the findings here. AB1 is taking one for the blockchain/crypto team in my view.