You are the current safety manager for B and I Transport, which is headquartered in Iowa. B and I Transport specializes in dry good logistics in all…
October 18, 2020
Data Mining in Health Care
October 18, 2020

Q3 facts You are a recently graduated accountant and your boss asks you to assist in producing a profit forecast for a prospectus to raise over $15

Q3 facts You are a recently graduated accountant and your boss asks you to assist in producing a profit forecast for a prospectus to raise over $15 million to be issued by a client whose business name is Lets go free which is attached to a company called Letsgofree Ltd . The Prospectus funds will be used to fund the development of driverless busses. The target audience is small investors and they plan to issue 15,000,000 $1 fully paid shares. 
1.1 What are your obligations regarding the presentation of the information in the prospectus? Cite the section of CA here 
1.2 Which section could make you liable and how? 
1.3 Consider the risks for you of putting this profit forecast in the prospectus. This is given to you by the directors of Letsgofree Ltd 
Profit forecast Letsgofree will return dividends of 50 c per share in the first year and after that, 60 cents per share in follow two years 
Q4 Joe Blow used to work for Big Foundry Pty Ltd L as an officer. He always wanted to go out on his own and run his own show. He visited Germany with his boss a Director of Big Foundry and saw exciting new techniques to forge metals. He resigned the day after he got back from Germany and started his own business. 
4.1 What duties has he infringed? 
4.2 Explain the consequences

 

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