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Hey, AB1...Care to Respond to that ASX De-Listing Notification Yet?!, page-74

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17/02/20

10:20

Post #: 42969125
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Originally posted by DoubleDown!: ↑

The ASX were absolutely correct to reinstate quarterlies for AB1.

The rules state that the ASX may remove the requirement for quarterly reporting for entities that lodge four consecutive positive cash flows (from operating). AB1 did that, but the data in those reports was wrong. When corrected in the annual report it showed a far lower cash flow and so AB1 no longer fit the exemption rule.

AB1 was really sloppy in its 4C reporting (the numbers were added up wrong and completely out of whack) and absolutely deserves to retain the requirement to keep reporting. I for one much prefer to have the 4Cs than not have them, way better than waiting six months for reports.

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I would like the reports going forward...but more importantly I would like to see someone that knows what they are doing in control of them.

AB1 obviously trusted someone that said they could do them and they were let down. But they replaced them and moved on

AB1 Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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Hey, AB1...Care to Respond to that ASX De-Listing Notification Yet?!, page-74

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