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.
yes this 'new look' HC has inflicted on us i seriously garbage. did they get the local high school to do it as a project? no scrap that any high school kid with a bit of website building/coding experience could come up with something better than this crap. Is there a way back?
