@brendon1990 , the REAL information is here in AASB 15 of the auditor's report. This is the section that sets down the rules for acceptance of revenue from contracts with Customers, which was the primary revenue for in the June Quarter 2018. This is EXACTLY as explained by JK when asked by the ASX about June 2018 revenue. He said there were contracts - both written and verbal, that training and service was billed in advance and un-refundable, and that all customers had signed off on the completion of the contracts. Note at the end of AASB 15 that it says: "It is noted that there were no outstanding performance obligations in relation to contracts with customers and therefore the expected impact at 30 June 2018 is nil." Holders need to be careful from whom you get information.
ISX Price at posting:
$1.07 Sentiment: Buy Disclosure: Held