Ann: Annual Report to shareholders, page-9

From p87 of the Annual Report. Although there might be something in the project, the company would have to show it has changed its ways remarkably before I went in. Management character is critical for me. See the reference to another $955,000:

Basis for Qualified Opinion
As stated in Note 1(b) and announced to the ASX on 31 October 2014, the Board undertook an independent review and analysis into the Group’s corporate and other expenses incurred by the Group in the period from 1 July 2011 to 30 June 2014. As a result of the independent review and analysis, the Managing Director of the Company (Ms Sharon Heng, since resigned) agreed to pay $868,144 to the Company with payments scheduled to occur over the next 5 years on an interest bearing basis, or as amended. The terms of reference for the independent review and analysis covered only transactions entered into by the Group and external parties during the period of review and therefore, may not have identified all possible transactions which the company may have sought reimbursement from the Managing Director (since resigned).
Included in the Consolidated Statements of Profit or Loss and Other Comprehensive Income for the years ended 30 June 2013 and 30 June 2014 are expenses of approximately $955,000 for which the independent review and analysis suggested the Board seek legal advice in relation to, and/or further information for the Board to determine the nature and authenticity of these expenses. The Board has ratified these expenses as business-related expenses on the grounds that the review found some basis for work being carried out in some circumstances, and that in other cases it would not be in the best interest of shareholders for the Company to follow up due to time and money considerations.
We were unable to obtain sufficient appropriate audit evidence about whether these expenses are bona fide business expenses in the respective financial years. Consequently, we were unable to determine whether any adjustments to the Financial Statements for the year and/or prior years were necessary.