Youwouldthink,afterthatfiasco,the"powersthatbe"wouldhavegottheiracttogetherandensuredthat,inthefuture,ALLASXruleswerecompliedwith....Butno,justafewmonthsdownthetrack,itfailstosubmititsHalfYearReportbytheduedate,and,onceagain,findsitselfsuspended.Itthenhurriedlyattemptstosubmitone,whichsubsequentlydoesn'tmeetwiththeapprovaloftheASX,andsothesuspensioncontinues!IunderstandyourfrustrationMikebutifyouhavealookatthe4CbackattheendofJuly,youwouldseethattheyemployedJohnMadden.MrMaddenisaCPAandworkedforRioTintoaswellasothercompanies.Frommemory,hisrolewastoensureweareASXcompliantandsomethingaboutaccountingstandardsareacceptable.Hi Misschow
The"powerstobe"havedonesomethingaboutit.EitherMrMaddenhaslettheteamdownorASXisputtingafinertoothcombthroughthecompany.........again.BythelooksofMrMaddensCV,Iamcomfortablethatheismorethancompetenttodothejobrequired,let'sfaceitheisaCPA.
IammoreconvincedthattheproblemistheASXplayingducksanddrakeswithasmallcap"Chinese"company.
IMHO
xxxooo
It seems a little odd to me that you're not as frustrated as you were back on the 18 September.
Reading your first and second posts on that date, under the thread "Tick Tock", ( times 7:50 & 14:01), your sentiment was very different then, and that was only after two weeks of suspension...and, don't forget, when writing those posts, you would have been aware of Mr Madden's appointment. Maybe go back and read them, and I think you'll see what I mean.
It's now six weeks of suspension, and shareholders have every right to feel frustrated.
As I mentioned in a previous post, a record six Chinese companies got delisted by the ASX last year, mostly due to reporting and governance issues. So it's definitely a concern to SH's going forward.
- Forums
- ASX - By Stock
- Ann: Launch of official Addams Family game based on MGM movie
Hi MisschowIt seems a little odd to me that you're not as...
-
-
- There are more pages in this discussion • 10 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 AB1 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online