I agree, there is still more to come out in the open here.
I expect the $19 mil cash advance is only the 35% which Big has access to. No way for the security deposits to be so large otherwise.
Unfortunately for holders, there is no incentive for management to disclose anything more before they absolutely have to. Any details disclosed in the half year accounts which were not disclosed previously may be used by ASX/ASIC to add to their case. Any details not disclosed in the half year accounts, but revealed in further investigations may lead to further instances of misleading behaviour. They might try to get around this by claiming “changes to accounting standards”.
There is no need to engage lawyers and take so long to release open and accurate accounts.
Latest AFR Article, page-189
Currently unlisted. Proposed listing date: 09 APRIL 2025 11:00 AM AEST ##
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