Personally I think if a fraud in a company is being committed and it is being investigated, it is a good sign. Because the authorities will nail these guys down and reclaim/prevent more money being embezzled. The replacement of Matt Joyce also means that incompetent management is being removed for a better one. What is worrying is that a fraud is committed and they get away unnoticed. The real question is that if the guys at Sunland Australia are also in cahoots in this matter. But recent article stated that they are giving full cooperation to the investigation, have to see further development in the news. Overall, I still have a lot of confidence in Sunland's management team.
SDG Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
