Dogday
You would have to believe that Auditors looked carefully at asset values.
Firstly they have a legal responsibility to do so, and this has serious consequences for them if they are later proven to have allowed excess values to remain on the books of the company. They would face certain legal action if they did not do their job properly.
Secondly given that the company has been under challenge for some time, to me this would mean even more careful scrutiny than normal.
Don't forget that ARI has already done huge write downs of its assets.
ARI Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
