Interesting. After reading the asx questions. I still have questions.
In part 1.
It was explained away, Cattle were basically there to mow the lawns, implying they were immaterial.
But they were an asset that cost money via write down, and were also an asset most likely forming part of the purchase price.
Cashflow. 1m pa advised and turns out to be zero.
And Equipment was in good standing, yet alot has been spent to maintain.
To me due diligence was poorly conducted in 3 areas or not at all due to irregulatlrities later on.
Interesting. After reading the asx questions. I still have...
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