"SHAME! SHAME! SHAME!" The CEO is not paid $450K a year to neglect his responsibilities to shareholders by failing to lodge reports on time.
It is after 10:00 am and still no audited reports. I didn't believe the reasons they gave last year and any reasons they might give as to why they have failed to lodge on time again this year must be looked at with skepticism.
We were assured at the AGM that last year's problems with valuation write downs had been sorted out. Delaying the audited accounts could mean that the 2012 AGM will be late thereby delaying the second REM strike & spill of the board.
PPN Price at posting:
20.0¢ Sentiment: None Disclosure: Held
