NOU 0.00% 12.0¢ noumi limited

Regardless of the outcome in the recapitalisation and future of...

  1. 79 Posts.
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    Regardless of the outcome in the recapitalisation and future of the business, I think there needs to be some jail time served by those who were in beach of their responsibilities under the Corporations Act. Clearly, enough laws were broken for ASIC to successfully prosecute? An example needs to be set for other listed companies that knowingly defrauding shareholders has serious consequences.

    I now treat every financial report I read from each of the stocks I own with a higher degree of scepticism. And if Deloitte is the appointed auditor, I will not make any investment case on the reported numbers. This has been shocking conduct on each party involved with the operation, governance and audit of this company.
 
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