The JSE has advised investors that Y3K and Y2KTec`s financial results are facing modified audit opinions.
The figures in question are Y3K`s latest results for the 14 months to February, which showed a headline loss of 13.2c. The company is still facing speculation as to the possible sale of its networking company Lanlink.
The networking company was acquired for R600 000 in cash and a share issue, giving the deal a total value of little under R2 million.
Y2KTec, also no stranger to difficulties, is waiting to transfer to the cash companies sector of the JSE after posting an operating loss of R2.9 million and a headline loss of 2.7c per share for the year to February.
Both shares trade in extremely low volume. Y2KTec has been hovering at 5c, while Y3K is currently at 9c.
The JSE has annotated both technology counters.
Related stories:
Y2KTec wraps things up
Y3K mum on Lanlink speculation
Share
