Imo ASIC staff are trying to.justify their own inability to do their job with each new asx listing. Their message is they asking questions already covered by the company Auditors but instead of going direct to Auditors they need to make a public statement implying the company might have done something illegal in accounting terms when legal.firms throughout Australia use those same accounting measurements of profitability. Maybe the ASIS staff should go back.to uni to learn how legal firms calculate profits or ask the banks why they lend to the thousands of legal firms throughout Australia? Why choose SGH to imply some impropriety in their letter when really they implying stupidity on their own part? my opinion DYOR
SGH Price at posting:
26.5¢ Sentiment: None Disclosure: Held
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