On most of the stuff, I'd agree with you - but the stock control issues (plus the line regarding recording sales outside of cycle) are a little puzzling.
It was not a minor restatement either. GBP$1m is pretty material.
Don't think this is a fraud, but they have some serious internal control issues. We will see how much relatively soon, since a new CFO is in place.
On most of the stuff, I'd agree with you - but the stock control issues (plus the line regarding recording sales outside of cycle) are a little puzzling.
It was not a minor restatement either. GBP$1m is pretty material.
Don't think this is a fraud, but they have some serious internal control issues. We will see how much relatively soon, since a new CFO is in place.
Yes, only time will tell. Let's see. As I noted in the article, I may have been overly sceptical. Maynard