Looking at the facts and the b......... offered up by management.
As recently as last week the company made an announcement about its likely success in a debt facility.
As of today they have failed to comply with corporate governance and deliver the 2018 Annual report prior to the deadline.
No annual report, no 6 monthly, no march quarterly, no June quarterly, no income and no proper ownership of the biological assets of the company, the companies major asset in the last financial report published.
It will be interesting to see how the new auditor classifies the biological assets, given he attended the AGM and now has knowledge and a duty to shareholders over the legal reality of the companies major asset.
How does any debt provider obtain rights over this asset and does it have any value?
As for the debt facility. Where is it? Has that slow boat sunk over its 2 year journey.
Continuos disclosure laws require that the accounts be published if they are completed. If they aren`t then this board is not serious about re listing or obtaining a debt facility. Economics 101 right there.
Making claims of debt finance when you don`t have it. The SEC jumped on Elon Musk of Tesla. What is ASIC doing?
Looking at the facts and the b......... offered up by...
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