No its not bull sheet but fact... read on as to what is said in the announcement.
"The new management of the Company has become aware of a number of inadequate disclosures to the market in relation to recent issues of securities. These inadequacies were identified as part of the Company’s audit and review process in preparation for the next phase of its development."
So for the past year the company delivers one announcement after another with questionable feedback on the WG deal, excuses as to why the accounts cannot be done ( mainly Santa Fe monies and WG refund outstanding) and now admits inadequate disclosure without specifics.
So the accounts can now commence without an update on the WG refund? Interesting.
Does IGS plan to take legal action against WG? Is WG taking legal action against IGS?
The company has wasted the past year. Makes you wonder why it dumped the WG deal when it declared its DD was conducted successfully. Obviously it had no funding at its doorstep. That's why the deal collapsed. So glad that JB has gone. Hope this new crew has more to offer.
IGS Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
