RE: More madness on TG: Jason Brewer PostingsToday 21:09
AI says but its subjective and make up your own mind : The main point the writer is trying to make is simple: Be patient, the delay isn't our fault, and trust that we will fix it. However, this completely twists the truth. The reason the shares are not trading is not because the auditors are slow; it is because the company's finance and compliance teams made such a fundamental mess that the auditors cannot sign off on the accounts. The writer is placing all the blame on an external party—the auditors—to distract from the internal failure. When he says they are "pushing forward," he is admitting they are still cleaning up a massive problem they created. The update is a confession that the company still cannot meet the most basic rules required to be a publicly traded entity.
The claims about internal improvements are meaningless window dressing. The statements that "tough lessons have been learnt" and that "measures have been made to strengthen all aspects of the finance and compliance teams" are vague promises with zero detail. If he had made serious changes, he would name the new staff, detail the new controls, or give a firm, external deadline. Instead, he uses the tactic of the "old dog that does learn" to appeal for personal trust, hoping you will accept his apology instead of demanding corporate accountability. He offers emotion and vague claims of change instead of hard evidence, which is a classic way to deflect attention when a company has no real progress to report.
Finally, the talk about projects and funding is an effort to buy time. He says "funding is in place" but then immediately admits "further funding... is being concluded." This tells you the money they currently have is not sufficient, and they are still scrambling to raise more. The promise that "three of our projects establish themselves in the export markets" is deliberately non-committal. If they had secured major contracts or were shipping significant volumes, he would provide specific data, not use soft, vague phrases. By setting the expectation for real progress only in "June, July and August," he is simply delaying the window for accountability by three months, asking investors to wait again for future news that may never materialize.