So rare to find someone who tackles the grunt work of learning about complex stocks... especially the Pennyland/foreign stinkers that attempt to hide "The Bad Stuff." BTW, when you get time, read some of my old posts. I'm rarely wrong and I'm one heck of a successful investor. (I mod the two Buffett Boards here)
I always begin stock analysis by checking out the CPA which is so easy to do nowadays, after Sarbanes-Oxley, in the aftermath of Enron. All of my current holdings are audited by Big-4 auditors.
I'm guessing that Moore is the reason subsequent audits never get done, and likely FCPG knows that. The company may be built on quicksand, although it's hard to know for sure. FCPG sure isn't saying much!!!
Auditors don't come any worse than M&A Chartered. You'd never hire Moore to do a real audit (say if you were looking to buy a business) and you wouldn't want any part of one of his "dirty shells" unless you were an idiot or scammer.
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