I presume this independant auditor you mention is EY and at the time of that announcement EY work was only preliminary and we didn't actually hear anything from them, CTD just gave us cherry picked snippets highlighted in blue at best. The market hasn't heard from EY itself. Also it is my understanding EY is still on the payroll as CTD said EY's work is continuing. Why would they even need EY if CTD had full confidence in its books?
I don't think the rules need changing, ASIC just needs to actually enforce them and prosecute to the letter of the law rather than cutting deals, then lots of problems would evaporate. I think the banking RC touched on ASIC cutting deals rather than enforcing the law, something like that anyway.
No i won't list my DD, you have to do it yourself but i will say my DD isn't traditional or what people may describe as standard. VGI has released some of theirs and now CTD threatening legal action, i don't need any mail from hungry lawyers thankyou very much
CTD Price at posting:
$26.45 Sentiment: Sell Disclosure: Not Held
(20min delay)