Todays trading halt announcement puts into serious question the...

Todays trading halt announcement puts into serious question the financial management and audit of Collection House over the past 3 years.

If when trading recommences it is clear that shareholders have been misled about the financial performance of CLH, shareholders should consider a class action and speak to someone like Shine Lawyers (based in Brisbane) on their share losses.

Lev tried to point out that the Balbec deal was nothing but an expensive loan and only suited the ex-CEO Rivas by allowing him to book short term profits whilst leaving shareholders to clean up the mess down the track. Conveniently the deals were structured in a way that didn’t require the “mess” to be provisioned for even though the inescapable reality of these would adversely impact CLH in the long term.