The MMX supplementary showed a date of lodgement of 9/2/2005.
In this it refers to 4767635 shares issued at 20 cents and states they were allotted after the date of original prospectus which was 19/11/2004. So this money came in after the $610,000 had been paid. MMX discloses $500k to go at that stage of the 1.1 in total.
The prospectus and the supplemenary both show a date of 28/7/2004 for 400k to winterfall vendors with another 100k paid when original contract was signed. It doesnt say these had not been made or were late.
So available documents show there is no trail to explain how the 610k got paid with a company who reported to ASX for quarter ended 30 June 2004 with about 30k in the bank and no disclosuire of an expenditure to do with the IO assets in their quarterly report.
There is also no trail as to how MMX ended up with 400k compared to 30k less than three months earlier in cash. The proforma and as at accounts are dated 17/9/2004 as supplementary prospectus says the 4767635 shares were allotted after 19/11.
The previous quarter does not declare any expenditure on IO assets either.
Surely MMX new management arent saying we got documents wrong and that previous ASX reports which are I believe audited were wrong.
If this is the case they have had 5 years to correct !
The trail of documents dont compute.
CHM Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
