MEM 25.0% 0.5¢ memphasys limited.

the spill, page-39

  1. 867 Posts.
    RB,

    I am not sure what the answer was that I provided? Was it when I said "...if at all possible"? Are you suggesting that it is not possible to provide a statement, therefore why they have not provided one?

    How can you say "appropriately classified by ASIC."? Is there something you know that we don't? Please, please, please if you know it's all good, please provide us with the evidence. As I said before, I'll be at the front of the queue if it all proves OK.

    Until there is WRITTEN EVIDENCE, many shareholders will remain skeptics. Remember, it was a pretty ballsey move by the auditor to report to ASIC. And they put it in writing. If there is no flame under the smoke, the board should say so...IN WRITING and ANNOUNCE IT TO THE MARKET. They have an obligation under "Continuous Disclosure"...it's not a choice, it is an obligation. Suggesting anything otherwise suggest you do not understand the obligations of directors of a public company. I suggest you look at their requirements for "continuous disclosure".

    By the way, another charge by the auditor was that "the Company failed to comply with its Continuous Disclosure obligations". RB, you have rightfully pointed out that "continuous disclosure" is an ongoing issue with the company.
 
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