Langsford and Hodge recent action of awarding themselves pay rises and bonuses in the same year the lost 10m on top of all the previous years loses isn't criminal by law but it is a shameful and disgusting act which show complete contempt towards investors.
You might be able to question Richards credibility, but there are core facts behind his story which is supported by the company financials, QFX does have 8m to pay in current liabilities due by 30th Dec. Anyone who believes that new CR of 5.7m plus another 1m is for marketing and content would have to be extremely naive.
Now I wonder if Langsford will be taking his usual bonus from this new CR?
Oh, and if ASIC started jailing penny stock CEOs and directors for lying and misleading investors, you'd probably see about 99% of them behind bars.
