Member Info for Ginksy

Why would they run out of money , they a generating 20 million a year operating cashflow , which is reinvested to generate more games , which will generate even more income over the next few years, if cash gets tight just slow down on games development

no point in having a booming business if you have idiot auditors

These guys dont do fast, glaciers move faster than these guys

I get the feeling BDO havent a clue what their doing.

Im impressed net debt is still only 21 million after stocking up on thousands of wallmart stores since january . how much cash would be absorbed into walmart working capital probably well north of 20 million . they must ranking in cash from elsewhere to say net debt is stable.

Theres a load of companies reporting their december 2022 annual reports this week barely two months after the year end ..and here we are still waiting on BDO cowboys to report on the february 2022 accounts

thanks gower for the info

11 months and counting to do an audit ..these guys are slow

more likely board room bust up , donagh probably had big plans in the building route but the board/big investors probably said nah , weve lost enough on building already...lets drop building or at least reduce it significantly ..and rightly so

the relist shouldn't take too long after the vote as a lot of the ground work and planning has being, done much of it years ago..,, at a guess some time in february unless they are awaiting for something else to come through such as well planning or other asset/joint venture

as part of the strategic review, maybe they decided to wind down the building section and dont require donagh's skill set anymore , building is low margin high risk best to avoid..stick to what their good at ..planning and property sales.

its not often you'd see shorters deramping on weekends they must be panicking

its good to see sense at last ... the market was never going to buy into a minority interest but with a 100% of transgas it should attract some potential investors. its also noteworthy that an additional director is to be appointed could be something to do with listing rules. all positives moves that could see the company be relisted sooner rather than later

thanks millie, whats the deal in relation to the merger with transgas

Yes silverlight , plenty of good auditors out there such as Jeffreys Henry LLp. Its best practise to change auditors every few years .

If the ceo wants to draw a line under this he should start by getting new auditors asap, When your auditors become your biggest business risk its time to find new auditors ,. Currently BDO have at least three plcs on aim suspended that I know of,f due to late audits causing considerable reputational damage with investors,bankers,suppliers, FCA, revenue , company house

For a plc, 80% of the audit should be done before the year end and finalise the audit after the year end within a month or two like most plc audits. Ten months after year end and still no end in sight is beyond a farce.

Yes , wouldnt surprise me if some young fella on work experience is doing the bulk of the audit its so slow.

Are we listed on the main market yet ? , I don't know why they wanted to move from aim to main market , its not like we were a billion dollar company or im i missing something.

Must be the longest audit ever , should get onto the guinness book of records at this rate.

I doubt we'd be in this mess if we were with the big 4 ... BDO look understaffed and clueless.. a shorters dream