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BIG Filing for Chapter 11 and Ceasing all Operations, page-154

  1. david75
    1,126 Posts.
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    21/05/18
    13:39
    Post #: 33233591
    Incompetent maybe but not necessarily dishonest...

    Problem is this isn't an isolated case on the ASX. Junior miners are one thing - always high risk, but there have been more than a few big companies playing games with accounting rules that have collapsed with a beautiful set of books. holding values of stock/Undisclosed loans/ loan covenants/ etc..

    The accounting rules need a rewrite to be very simple so that less of this BS goes on.

    How many companies are really making a profit on the ASX?
    BIG Price at posting: $2.22 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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