Animoca Brands has considered a new system for filing the 2020 financial statements, which was originally expected at the end of 2022. He will retain the DFK International auditor until the end of the first quarter of 2023. Metaverse heavyweight Animoca Brands has been granted an extension to file its audited financial statements for 2020, which are due from Australian regulators at the end of 2022.
The listed company previously negotiated the next filing date, pushing its deadline to the end of the first quarter, with accounts for subsequent years ending in 2023, the company said. “We don’t expect to miss our filing deadline – at the moment we’re going through the ASIC approved process, our regulator is working with us,” said Animoca’s media director, Ibrahim El Mouelhy, in an email. statement.
As centralized exchanges including Binance and Kraken have already shown, crypto industry research is no small task. Like Binance, to close its 2019 account, Animoca was forced to look for a new auditor before its final filing, bringing in DFK International for the job.
The audited accounts were completed in 2019 in July. In a statement on the report, the CEO of Animoca Brands Yat Siu said that “the financial analysis system of the company wants to walk through swaths of new land,” answering the question of how to pay for the sale of NFT.
“When there are uncertain problems in the accounting system, it is common to see how other companies deal with similar challenges. But there is no other company that we can use independently. we compare. Animoca Brands is, at least for now, unique and unique,” he said.
Animoca Brands Listed
Animoca Brands was listed on the Australian Securities Exchange (ASX) from 2015 to 2020. In December 2019, the ASX sent a letter to Animoca with a list of violations, including aspects of governance, involvement in crypto-related activities, and use of SAFEs issued by subsidiaries.
Following the ASX delisting, Animoca said the company “intends to pursue an initial public offering and further exchange as soon as possible.”
Since its withdrawal, it has shut down several major investors and doubled its crypto investment using all sorts of endless deals. His hundreds of bets include The Sandbox, Dapper Labs and Star Atlas. The company made more than 60 investments in the first half of this year and invested more than 380 in total as of December 1. 6.
But whatever the issue of the interview Animoca faced, there is no doubt that the company’s brand holdings will increase in value this year, on the side of a bigger fall. In an investor update for the period ending April 30, Animoca reported that digital assets with approximately $4.2 billion were held in Animoca tokens sand, quidd, primate, revv, tower, gmee and others. A simple price analysis of these tokens shows an average fall of more than 80% over the past year, according to data from CoinGecko.