According to official reporting to ASIC and shareholders DDT had the following cash positions:
Cash at bank at the end of FY16 was $2,355,153
Cash at bank at 23 February 2017 was $1.9m (loss of $0.45m in 7 months)
Cash at bank at 30 June 2017 was $1.77m (loss of $0.58m in a year)
But reported now the Loss for FY17 - $1.38m (contrary to earlier reporting
So let’s do our math: if DDT had $2.35m last FY16 and lost in FY17 as reported now $1.38m they should have $0.97m cash ($2.35m - $1.38m). Right? But they reported to have $1.77m in cash.
So where the money came from? From creative accounting or falsehood?
According to official reporting to ASIC and shareholders DDT had...
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