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0.9¢ affinity energy and health limited

Ann: SKN: SKN and AEB enter into algae / cannabis MOU, page-9

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Teddyward

5,445 Posts.

160

11/10/18

01:00

Post #: 36076482
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Originally posted by Surandy70: ↑

If they have a controlling interest, ie 50% or more, then they have to account for the value of the crop even if it is yet to be harvested. Doesn't matter where the subsidiary/JV is held as the parent entity, AEB, is incorporated in Australia therefore is subject to Australian accounting standards.

Wasn't the marijuana part of the business 75% owned by AEB? Supports my comment elsewhere that they like to bury significant detail away behind nuff nuff announcements so it's hard to keep track of.

I'd love to know how the AEB directors and their auditors can justify that this company is a going concern.

Edit: My "no inventory" comment was not just in relation to the marijuana crop but all their supposed revenue sources. And I am not fussed with HC's new look, I previewed it early on and reverted back as it was too cumbersome scrolling through to find the new posts.

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Crops are not inventory till harvested in aussie standards as far as I know.
Lack of other inventory - well no surprise there ?

AEB Price at posting: 1.4¢ Sentiment: None Disclosure: Not Held
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