Post by
Vancity1 on Nov 22, 2023 8:34pm
Woof this dog is dead.
Read clearly the audit update, there you will find your answers. No auditor wants to sign off on Banxas ridiculous revenue recognition. The last auditor had the same issues with it and it cost Banxa an 8 month halt, now the new auditor doesn't want to sign off on this revenue recognition either. The company is so stubborn it's killing its self to keep this revenue recognition program. Unfortunately they have killed there reputation with the markets because they can't get there numbers out and are too stubborn to change.