If you have never held this stock then you may not be as disturbed as some of the rest of us.
What will be uncovered in due course is that the Co. didn't make a dime in the last three years however reported profits that were fudged. Co changing their accoutning standards is a clear indication that they are trying to hide certain things or provide the best outcome.
Why on earth do you think that their Auditors told them to go to hell- They didn't want anything to do with them!
Brabus is correct- there have been rumours about related party transaction for well over 12 months....
This will all come out in due course. The government just need to come up with a good case as to why they have been pooring millions in subsidies down the throat of a company that had no future as it was run by a monkey entrepeneur...
Hope you like jewellery Eddie....
Spek
ABS Price at posting:
54.0¢ Sentiment: None Disclosure: Held