ICI icandy interactive limited

my optimism is based on the facts as disclosed in the...

  1. 1,949 Posts.
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    my optimism is based on the facts as disclosed in the announcements, which currently are:

    - iCandy has identified potential improper conduct by an external financial consultant;

    - allegations involve misuse of company bank accounts, by the external consultant, for fraudulent GST refunds;

    - the company has terminated the consultant's engagement, appointed a corporate governance advisory firm, & Hamilton Locke has been appointed as legal counsel for potential recovery actions;

    - there is currently no impact on iCandy's operational viability or solvency;

    i'm not forming my opinion on vibes, but rather on the above facts, & soon i expect we'll receive an update along the lines of:

    we're back to business as usual, but with improved corporate governance & recovery actions will commence against the external consultant for costs & damages.

    so yes, i remain optimistic!! smile.png
    Last edited by FingerLicking: 09/05/25
 
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