Wonder why YAG being charged with fraud didn't get a mention in the latets financial report
I note CMR released its latest financial report on 21 November 2012 – Mark Angelo – the Non- executive Chairman of CMR was charged with fraud on 17 October 2012 – ought that not have been disclosed in the Fin Report.
There is a section in that report entitled Significant Changes in the State of Affairs and Events Subsequent to Reporting Date.
In that section they mention the appointment of Jim Carr as Managing Director and Phil Woods as CEO – ought they not also have mentioned the Chairman being charged with fraud along with his company YAG who the Auditor says the Consolidated Entity needs to rely upon for continued funding if it is to remain a going concern?
CMR Price at posting:
15.0¢ Sentiment: None Disclosure: Held
