The inconsistencies in reporting are not only related to the Hemp.
During the year the announcements showed apparent great progress with the Agtech and Agronomy side of the business:
Shareholders could have been forgiven for assuming that this would translate into some impressive revenue growth. They might even have bought some more shares on the bullish commentary.
How confusing when the Half Year report finally came out and showed that the Revenue has grown 0% on the same period the year prior?
In fact the revenue is derived in USD and only reported in AUD. The exchange rate has changed somewhat over this period, so the revenue had actually decreased on a constant currency basis:
Something is not right. Are they also losing customers as well as gaining them and just neglecting to mention it?
I’d personally want my money back if I had bought shares based on the info given in the announcements.
