Sorry for the long post - but the wizardry of AI is for all to...

Sorry for the long post - but the wizardry of AI is for all to share!! Wonder if Dubber have created a 'Moment' to do this for voice. I seem to recall them talking about one to identify Fraud!!

So I thought is would be amusing to see what GPT thinks of the Prospectus. So I entered the prospectus and simply asked it to assess the risks... this is what came out. Rather accurate I think.

Based on the detailed review of the risks mentioned in the document "02794091.pdf", here is an exhaustive list of risks identified, ordered by the complexity and potential impact on the company:
1. *Alleged Misappropriation of Funds*: The potential inability to recover misappropriated funds and its reputational harm, impacting revenue guidance and relationships with suppliers【29:2†source】.
2. *Class Action Risks*: Legal and regulatory actions stemming from historical errors in financial statements, including the risk of class actions by shareholders and former shareholders【29:1†source】.
3. *Taxation Risks*: Overdue net liabilities of approximately $7.8 million to the ATO and SROs for PAYG/GST balances and payroll taxes, potentially resulting in significant fines, charges, or penalties【29:11†source】.
4. *Dependence on Key Personnel*: The loss of key personnel could impact business strategy delivery, customer relationships, and financial performance【29:0†source】.
5. *International Business Risks*: Exposure to multi-jurisdictional risks including labor practices, regulatory changes, and enforcement challenges in international operations【29:19†source】.
6. *Foreign Currency Risks*: Adverse effects on revenues and profitability due to movements in currencies【29:19†source】.
7. *Litigation or Other Disputes*: Potential adverse impacts from litigation and disputes, including intellectual property disputes, contractual disputes, and class action litigation risks【29:18†source】.
8. *Underwriting Risks*: Termination of the underwriting agreement could adversely impact the amount of proceeds raised under the offer, requiring seeking alternative funding sources【29:15†source】.
9. *Major Shareholder Risks*: Influence of Thorney Investment Group, holding up to 29.26% of shares, could lead to actions that other shareholders disagree with and may be adverse to their interests【29:13†source】.
10. *Potential Future Funding Issues*: The need for additional funds in the future without assurance of availability on favorable terms【29:11†source】.
11. *Growth and Inability to Integrate Acquisitions*: Risks related to managing anticipated future growth and integrating acquired businesses【29:11†source】.
12. *Changes in Taxation Laws and Accounting Standards*: Impact on tax payments, shareholder returns, and the reported financial performance due to changes in laws or standards interpretation【29:7†source】.
13. *Force Majeure Events*: Adverse impacts on operations, financial performance, and viability due to events beyond the company's control【29:9†source】.
14. *Misappropriation Related to Share Allotments*: Potential non-compliance with regulatory obligations relating to share allotments and ownership issues【29:15†source】.
15. *Cybersecurity Breaches and Data Risks*: Potential losses from hacking, data theft, or corruption, and misuse of the company’s products and services leading to litigation or regulatory inquiries【29:18†source】.

This list reflects the diversity and severity of risks that the company faces, from financial and legal risks to operational and strategic challenges, underscoring the importance of robust risk management practices.

If you then ask it to highlight any discrepancies in the document - we get a whole load more fun!

Identifying discrepancies within the document itself, such as inconsistencies between stated facts or figures and other data presented, requires a detailed analysis of the document's content. Given the comprehensive overview and specific points discussed earlier, here are potential areas where such discrepancies might arise, though it's important to note that direct contradictions would need more specific examination of each claim against available data:

1. *Financial Performance vs. Alleged Misappropriation of Funds*: If the document at one point suggests stable or positive financial performance but also details significant funds being unaccounted for due to alleged misappropriation, this could present a discrepancy. The loss of funds would typically have a substantial negative impact on financial health, which might not align with positive financial statements or projections.
2. *Risk Management Claims vs. Incidents of Mismanagement*: Any assertion of strong risk management practices would be at odds with the details of the misappropriation of funds and the subsequent financial and legal issues. Effective risk management should ideally prevent or quickly identify such significant issues.
3. *Growth Forecasts Amidst Operational and Legal Challenges*: Forward-looking statements or growth forecasts that appear overly optimistic, considering the detailed legal, financial, and operational challenges, could be seen as discrepancies. The impact of these challenges on the company's operations and reputation might not be fully accounted for in such forecasts.
4. *Statements on Corporate Governance vs. Oversight Failures*: Claims of robust corporate governance and oversight mechanisms would conflict with any detailed oversight failures, such as the inability to detect the alleged misappropriation of funds over a significant period.
5. *Liquidity and Capital Resources Claims vs. Financial Obligations*: Any assurance of sufficient liquidity and capital resources might be inconsistent with detailed significant financial obligations, such as unpaid taxes, potential fines, and the need for capital raising to manage debts and operational expenses.
6. *Director and Management Involvement*: Any discrepancies between the claimed oversight and involvement of directors and senior management in daily operations and decision-making processes versus the details surrounding the misappropriation event and its aftermath.

To identify specific discrepancies, one would need to cross-reference each claim made within the document against the data provided therein and any external corroborating sources. This involves a detailed line-by-line analysis to catch instances where the provided information might not align or where optimistic projections do not seem to account for the discussed risks and challenges. Without direct access to specific claims and corresponding data points within the document, this is a general guide on potential areas where discrepancies could be found based on the summary provided.