Observations on the annual report, page-25

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thepennypinch

226 Posts.

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16/04/18

22:12

Post #: 32493135
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Originally posted by Busy Bean ↑

Sorry I don't buy it. You don't own any shares in any company, but you feel the need to do some detailed research on BIG and then post your findings on Hotcopper as your first ever post. Just seems a bit odd if you ask me?

I agree your analysis does picks up some interesting and potentially valid points, and I also agree that the complexity of some of these is why it's taking a long time. However, you are you are also drawing conclusions without any knowledge of the detailed ledger and transactions behind the figures, which we can assume the original auditors had full access to in order to prepare their statements. You are pretty much declaring the auditors to have completely failed at their job, which if true means BIG should be filing a lawsuit in their direction.

To be honest it's all a bit irrelevant at this stage. We know that we can't rely on any of the previously published accounts, that's why there are new auditors/accountants involved and the H1 results are not published yet. We await the revised accounts before a) BIG can relist and b) we make any sort of investment decision.

If you have a genuine interest in BIG, then please come back once the revised H1 accounts are released and provide your analysis on those. I'm sure we'd all be keen to get your view at that stage, and if you perceive any remaining problems/issues.

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The ad hominem "you don't have shares" argument. Classic.

BIG Price at posting: $2.22 Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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