Animoca Brands hopes to change auditor after warning it must raise money
Animoca Brands, the NFT and Metaverse firm, hopes to pass a resolution at its annual general meeting (AGM) on December 23 that would replace its auditor, DFK Collins, with Hall Chadwick. This is according to the distributed agenda. Animoca has arguably been slow to file its recent audit reports, not completing its 2020 report until mid-2023. The report included comments from DFK Collins, which noted that for Animoca to “continue as a going concern” would be “dependent upon” it “raising new equity funds” as well as “support from the convertible note holders.” It would also need to “convert cryptocurrencies into fiat currencies as and when required.” However, despite these comments, it is important to note that DFK Collins also said that its “opinion is not modified in respect” of these matters. The crumbling empire of Fred Schebesta, Australia’s self-titled Crypto King Read more: Animoca Bra...
