Is the pessimism justifed...no!, page-100

From the same article that I mentioned above:

"An action plan also revealed IOOF misrepresented performance figures."

Oooooooops. We have seen that before. Remember your companies November profit estimate from last year in your AGM presentation? That was rather misleading wasn't it.

This was the bullet point word for word on page 50. "Results to November 2015 (including November estimate) - Revenue $5.8M and NPAT $1.3M"

No mention that this was an underlying figure as the IPO costs actually change this equation. Also, no talk about the performance fee needing to be waived to realise this fact. Rather misleading indeed.

"Let's not pussy-foot around this, a 16 per cent share price drop in the shares of your company surely must be a concern to you."
Senator Sam Dastyari

I have watched a few of Sam Dastyari's senate inquiries. He washes people pretty hard. I think he will be a perfect senator for a possible second inquiry.

Might contact him seeing as he is familiar with the history of suspected insider trading and general bad Directorship in IOOF.