KZL 0.00% 12.0¢ kagara ltd

kagara gets rid of its lounge lizard, page-24

  1. 17 Posts.
    KZL is suspended bcz they failed to submit Financials with ASIC. The main reason being they cant finalise their financials due to sale of Lizard Lounge. Their is a section in financials Post balance sheet Events where you need to report these type of transaction which would have a material effect on the company. Unless they don't disclose this information auditors wont sign the FS and so they cant submit their FS with ASIC. I hope this make sense to all......this is purely my understanding.

 
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