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Oden I’m not even going to review the reports but a fair portion...

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chris1983

13,667 Posts.

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28/10/17

12:21

Post #: 28277292
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Originally posted by Oden1 ↑

Further accounting standards reflect the point of liabilty arises at point of claim. The court asumes at this point that the full amount is to be paid pending trial. Therefor must be considered due by accounting standards until due. Suggest you read the below standard.

AaSB101 Presentation of Financial Statement and defination of liabilities.

Also look at the loss per share is really scary for WPG. THEY lost 8mil in 2016 and lost 9million in 2017 with loss per share pf 1.29 cents lost per share if they go bust. Annual financial statement 2017. Notes to financial statements point 17 page 69. Also a mistake in this report saying 2016 within rhe table as its illegal to not have 2016 listed. How did rhis typo pass thier Auditors. READ UP. READ UP

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Oden I’m not even going to review the reports but a fair portion of those losses put into perpective relate to startup costs and capital outlays related to both challenger and Tarcoola. Your downramping is getting tiresome.

Yes the stock is not in the greatest position but when you post negative comments why not be clear.

Last edited by chris1983: 28/10/17

WPG Price at posting: 1.8¢ Sentiment: Hold Disclosure: Held
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