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Re: Traderfan post# 70862

Monday, 09/08/2014 8:48:14 PM

Monday, September 08, 2014 8:48:14 PM

Post# of 163719

So my question would be why does Solomon take someone that has never been CFO before and/or has no clue?



The answer is in the prepared remarks of the CC

"I believe the Company is now in an advantageous position to focus additional resources to strengthen the Company’s corporate governance expertise. In fact, this is the reason I am here, and that we recently appointed Mr. Alan Wong as Chief Internal Auditor to review and monitor our systems of control. We will initiate new corporate level initiatives; for instance, further streamline and standardise accounting systems and set accounting policies, etc."

Solomon doesn't need a CFO. He needs effective internal controls.
And I'm pretty sure that Euro China wouldn't have invested $25M if they hadn't hired Olivia.

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