Ann: Response to ASX Query, page-9

First 9 Last

Share
Profile

Follow
Waca

17 Posts.

9

09/10/19

13:21

Post #: 40793588
Share

Originally posted by hoofa: ↑

I think the ASX have become aware of the listing due to the last auditors report. Auditors are now themselves coming under the spotlight for the so called "ticking off" on the accounts for some major companies when all is not as it seems.

Statements from auditors are now being carefully worded to exonerate them from liability if a company goes belly up.

imo ASX regulators/Auditors need to become more proactive particularly in the micro cap space.

There are clearly managers and directors with poorly structured business plans plus not having the qualifications, experience or management skills to be operating public companies that have access to shareholders cash.

For example

Wangle/Family Insights was originally touted as developing a micro chip in a billion dollar market. - gone
Then came the world class VPN - decommissioned. Followed up with the Family Insight app, launched and relaunched and now to be launched again in 2020 with no commercial success and now Frugl - unknown, will it just finish up like the rest an idea with no commercial traction?

Associated with this a court case to sort out an administration issue, trading suspended for months. Now another suspension at the call of the ASX re auditors statement referring to capacity to continue as viable listing.

Then the issue of funds. The only lifeline has been the government rebate. But, we the taxpayers and shareholders are seeing nothing for the provision of such funds.

Combined with all of this we have a 100:1 consolidation of the 3 billion plus shares awash in the market place. Shareholders value stripped to the bone.

Good management - you answer the question.

Expand

I think it is refreshing to see an auditor disclaim for a change. Clearly calling out the bullsh1t issued out by the directors.
Usually you can get away with a letter of support from a cashed-up director, but it is refreshing to see that Pitchers aren't going to accept that. Even the response announcement only guarantees going concern for another month, let alone 12mths...

The ship isn't sinking, it's sunk.

FAM Price at posting: 7.2¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

1 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

OJC

SPC to merge with Original Juice Co and Nature One Dairy

COB

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 1 more message in this thread...

First 9 Last

Add FGL (ASX) to my watchlist

(20min delay)
Last 1.5¢		Change 0.000(0.00%)		Mkt cap ! $1.573M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
3	4559	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.6¢	99789	1

View Market Depth

No.	Vol.	Price($)
3	4559	0.015
3	363142	0.014
1	386000	0.013
2	135460	0.011
1	300099	0.010

Price($)	Vol.	No.
0.016	99789	1
0.019	200000	1
0.030	133554	1
0.050	17667	1
0.110	52515	1

Last trade - 16.12pm 02/10/2024 (20 minute delay)

FGL (ASX) Chart

Day chart unavailable

Ann: Response to ASX Query, page-9

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

SPC to merge with Original Juice Co and Nature One Dairy

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Response to ASX Query, page-9

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

SPC to merge with Original Juice Co and Nature One Dairy

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News