Barmy. I do my research in all of the companies that I invest in. I find that errors like these are due to Mgmt teams being rushed to get numbers/reports/etc out to the market. I have no problems with Companies correcting prior numbers but they should also disclose to the market once they have located an error and not continue with the incorrect numbers. (ie Cash received per graph $10.4m vs Audited accounts $5.1m)
If I am going to invest my money into this entity then I would want reports that make sense and link between 4C/Audit 1/2 yr, Audit full year etc. So if I find a discrepancy I would prefer to highlight to others so that they know and not invest blindly (albeit that you should DYOR).
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-120
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