The question I have is;
Were the company being misleading in the initial prospectus issued on 25/8 when stating the current liabilities were a touch over $$$5.6m to then contradict themselves when disclosing in the supplementary prospectus issuedon 8/9 (some 14 days later) that the actual current liabilities are a staggering $$$17.1m ??
Did reality hit home with the creditors when they reviewed the initial prospectus and rushed invoices in immediately ? Particularly the commentary about the uncertainty of support from the CRDB !
The current liabilities have altered / changed by a staggering $$$11.5m OR a (circa) 200% increase in debt between the initial and supplementary prospectus' !
Something is very wrong here.
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Ann: Supplementary Prospectus, page-36
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