Ann: Resignation of Managing Director, page-9

Well at least we now know why it has taken so long to do the quarterly....they were missing near on a million bucks and couldn't get the Abacus to balance...

What I want to know is that seeing they state in todays announcement "follows a review and analysis by the board of transactions for the period June 2011 to present" why this has come to light now and hasn't been discovered earlier???

Are they telling us that there had been no reviews or analysis of financial transactions since 2011???

Was someone that was operating the abacus turning a blind eye at the missing $$$ or were they not competent at their job and didn't know anything was wrong.

As good as this announcement is it still leaves a lot of unanswered questions...

I personally think its time to leave the house LCY Board and Company Secretary...