Share
1,312 Posts.
lightbulb Created with Sketch. 29
clock Created with Sketch.
22/10/15
16:25
Share
Originally posted by quattrocap
↑
I have been in and out of this forum on AWD and I have seen a lot of speculation and potentially mis-information about the NoM etc. I have now taken a little time to look through all the potential issues and come up with the following conclusion ...
It is clear from the audited accounts that AWD has impaired its Golden Eagle assets in the US - which is a good move by the directors to clean the balance sheet up prior to the transaction being completed with Vonex. I would consider that this would have had a material impact on the pro-forma balance sheet required for the NoM and therefore was most likely the cause of delay in the NoM going to ASX in the first place. A fairly obvious explanation, the timing is largely outside of the control of the company as this would have been an audit issue.
Just my two cents worth to try and get some likely clarity on this issue.
Expand
Ah Quattro you obviously mingle in the right circles, spot on there, however why has it taken over a month,
I spoke to them over there today.
I also spoke to those who control them,