AVQ 0.00% 2.5¢ axiom mining limited

Axiom Mining's CEO Pay Check, page-28

  1. 9,225 Posts.
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    Don't check this stock much anymore but noticed your post about the auditor's warning.

    The ASIC Regulatory Guide RG 217 is a guide for directors on preventing insolvent trading, and lists this as an indicator of potential insolvency:

    "The company auditor has qualified their audit opinion on the grounds there is uncertainty that the company can continue as a going concern."
    Appendix: Table 2, page 21.
    http://download.asic.gov.au/media/1241384/rg217-29july2010.pdf

    As a company director, I would immediately follow the three ASIC Key Principles after such a warning so as not to breach Section 588G of the Corporations Code 2001:
    remain informed;
    investigate financial difficulties;
    and obtain advice.
 
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Currently unlisted public company.

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