RE: Bored now…3 Jun 2024 17:07
Had a look here wondering whether there was any news re the long awaited completed Accounts, Funding and ReListing, but read some amusing drama instead !! Que sera sera, we can only wait as we really have no control over what is happening or going to happen by GCAT. As my background is in Accountancy, I find the current scenario one of utter incompetence and even negligence. Agreeing a figure for a Balance Sheet isn't really that difficult even if there are, and looks as if there are, incomplete records !! GCAT needs to simply accept the figures that the auditors have calculated and move on. If the auditors' figures mean that GCAT cannot continue as a going concern, that it won't raise the required finance, then so be it. The auditors won't change their minds and better we find out sooner and move on ourselves. If RM or others are possibly facing fraud, falsifying production or other figures, they'd be better facing it like grownups. I know I'm being negative, but why else is there so much delay ?