"Animoca is in breach of several Corporations Act sections and has no audited accounts for a couple of years now. Until you have a history of good governance you're not listing on a decent exchange."
@DoubleDown! has stated the factual reason why, as things stand, it is impossible for Animoca to list on any exchange.
Why is it that people are unable to accept this fact? Whether the ASX, or any other exchange, understands or is sympathetic to Animoca's crypto operations is completely missing the key point - a public company has a legal duty to prepare annual financial reports, which must be audited.
"You must prepare annual financial reports in accordance with Chapter 2M of the Corporations Act 2001 (Corporations Act).These financial reports must be:
-audited
-lodged with ASIC within four months of financial year end
-sent to members by the earlier of four months after year end or 21 days before the next AGM."
