CMON Suspends Trading And Delays Annual Report

Posted by in Beyond DDO, Tabletop Games | 0 comments

 

CMON might have Kickstarter that are mega-successful, but things are all not well within the company so it would seem.

 

 

Trading in the stock of game publisher CMON Limited on the Hong Kong Stock Exchange was suspended on April 1, after the company warned of audit issues and said it would delay the release of its annual report for 2019.

Three audit issues were identified.   According to TechRaptor

  1. A distributor agreement with transaction value of approximately US$1.5 million
  2. The rationale and substance of the significant increase in the prepayment balances as at 31 December 2019.
  3. Other information as required by the auditors for their audit procedures on certain audit issues including ‘going concern.

 

What this all means is not known at this time, but I would think it’s not a very good sign, with a few Kickstarters just finished and a new one for Ankh: Gods of Egypt set to launch in a few days.

 

 

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