while Westpac is allowed to trade - the 2nd largest bank in...

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mr_delta

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26/11/19

09:59

Post #: 41630579
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Originally posted by pangu: ↑

"Suspension from ASXAnimoca’s securities were initially suspended in early September for the late filing of its half-year report. Even though the results have been submitted, the listing has not yet been reinstated. That’s because of queries about the results from the ASX and the pending “release of price-sensitive announcements”.Some of the ASX questions relate to the accounting for an ICO in May. A subsidiary TSB Gaming raised A$3.6 million ($2.45 million) partly from security tokens and partly from utility tokens. Utility tokens usually relate to future revenues. The idea should be that when the tokens are used to pay for some service, like a game, then they become income, but not before. However, TSB initially recognized the revenues in the first half of 2019. When they concluded the game was not ready to launch, it was necessary to reclassify the income as future revenues."
https://www.ledgerinsights.com/licensee-f1-blockchain-game-suspended-asx-animoca/

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while Westpac is allowed to trade - the 2nd largest bank in Australia had one of the worst possible charges levelled against it and the CEO has been pushed out...

not comparing AB1 with WBC, but just look at the mismatch in how companies are treated on the ASX... a revenue column mismatch sees a company docked for months while something with extremely serious money laundering charges gets no such tretment BECAUSE big is beautiful on the ASX...

AB1 Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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while Westpac is allowed to trade - the 2nd largest bank in...

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