other material
confidence high
sentiment negative
materiality 0.70
Ranger Gold Corp. restates Dec 2023 financials; unrecorded payables via personal accounts
Ranger Gold Corp.
- Board concluded Dec 2023 financial statements should no longer be relied upon due to material errors.
- Errors: failure to record accounts payable paid by management's personal accounts, not company bank.
- Prior restatements already filed for FY2022, June/Sept/Dec 2022; Dec 2023 restatement to follow.
- No fraud determined; errors of omission; amended 10-Q for Dec 2023 to be filed ASAP.