Smiles Inclusive was a roll up of dental chains that floated in 2018.
It was wracked by boardroom turmoil and failed in 2020.
A public examination is examining events up to the company’s administration.
Potential investors in a Gold Coast-based dental chain were being told wildly different forecasts for growth than what a due diligence committee was hearing, a court heard on Monday.
The alleged discrepancy was questioned in a public examination into Smiles Inclusive, which raised $35 million in an ASX float in April 2018 with more than 50 dental practices trading under the Totally Smiles brand. It fell into voluntary administration in November 2020.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
