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Ann: SML Announcement - Supreme Court Update, page-466

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  1. minimoke
    2,931 Posts.
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    04/06/20
    17:28
    Post #: 45041807
    I''ve been reflecting on the "'genuine commercial impact'..." statement

    If my memory serves me correctly there is a note in the last annual report that the auditors signed off on to the effect that this covenant issue posed no material risk to the business. So no contingency was put into the accounts.

    So either the Directors misled the Auditors and the auditors failed to follow through diligently on this issue. Or the Barrister has misled the court.
    SM1 Price at posting: $6.60 Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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