Well you have to hand it to Old Briggs boyIn today WA...

Well you have to hand it to Old Briggs boy

In today WA newspaper

Briggs bounces BDO off WGP books

WGP chairman and 9.3% shareholder Peter Briggs has requisitioned a meeting to sack BDO as his company's auditors.

These are the auditors who only this month said there was "material uncertainty" about WGP's ability to remain a going concern, given the tiddler's precarious cash position.

In fairness, those qualified audit sign-offs are far from unusual nowadays and Briggs said yesterday BDO's commentary had nothing to do with his intention to replace the firm with a smaller auditor.

BDO inherited the WGP gig from its gobble-up of Horwarth and charge nearly $80,000 last year for audit and tax compliance work.

Briggs said he wanted another smaller firm like Horwarth, which was not just cheaper but also "specialises" in small company work, to pick up the slack given that BDO were "big auditor...and these big guys just have a big company attitude".

Briggs won't say who he is lining up as WGP's new auditors.

All will be revealed, of course, when WGP publishes its notice of general meeting.

The meeting will also ratify some WGP's equity issues over the past six months or so to renew the junior's capacity to raise much-needed dosh.

Well what a load of bulldust and media spin!!!

1, No new auditor with any credibility will touch WGP.

2, All auditors including BDO look forward to looking after smaller companies as these grow into large ones.

3, These equity issues have been little freebies to WGP mates.

You have been warned many times about WGP, play with these companies shares at extreme risk.

cheers


PC43

PS It also looks as if Briggs has a mate who writes the "Herd on the Terrace", very suspect!