I totally disagree. If it can be shown that revenues were manipulated for the sole purpose of meeting 'performance related milestones', that resulted in A$300mln+ of benefit to insiders (and no one else), at the direct cost to other shareholders, then it is definitely attestable. And to be honest, while the ASX/ASIC action may be civil, the outcome of the ongoing action could certainly result in class action on behalf of shareholders. If what seems to have happened really happened, then the directors stole A$300mln+ from other owners of the co, and that is a very very serious offence.
- Forums
- ASX - By Stock
- SP1
- Ann: Half Year Accounts
Ann: Half Year Accounts, page-37
-
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SP1 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online