It may well be costly but it is not embarassing by any means. It is serious. There is at least $200m in shareholder value that we shareholders have not been able to access for 18 months with suspension and then delisting.
I have read every announcement in details and made contact with the company, its directors, employees and auditors and have conflicting answers and must conclude that someone is withholding the truth. Their track record suggests its Animoca. ASX kicked them off their exchange for many breaches of the rules, Grant Thornton says they have not heard from the company since April and the person the company claims is their CFO says he is not the CFO.
Anything this company says cannot be relied on, there are too many red flags.
Stryking was wound down so soon after being acquired, the Gamma deal failed, these are just a couple of examples of us being kept in the dark. No disclosures on the bad news, no shareholder meetings, only a lot of noise following the hype. The company does need to relist so the insiders can exit though, but which exchange will have them?
Blame covid... but looking at **promotion blocked** in Hong Kong where this company is based there has been about 2 IPOs a day in December and that's during Christmas quiet period. Name me also another publc company who hasnt been able to complete their 2019 audit because of covid?!
Complete shambles, the directors of Animoca Brands needs to be held accountable.
It may well be costly but it is not embarassing by any means. It...
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