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Shengli

03/16/11 8:33 PM

#26038 RE: cfgjr #26034

I believe one of his main tasks was to physically check on the cash every few months.
That is one of the many things that has confounded me . If the cash is there that would give Starr confidence to double their stake. If it was a fraud it was very well crafted. I personally think Jacky screwed up with his " purchase " and Deloitte used this to get out of the frying pan. We will know in short order.
If they announce the engagement of a new reputable auditing team for a forensic audit. Hire a new CFO , issue a press release that the items were not items that the Naz will delist them so they remain on the NAZ and stay halted for a new 10K i will feel much less frightened.
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Carmdog2

03/16/11 8:37 PM

#26039 RE: cfgjr #26034

If fraud was involved.......
The Starr guy who was supposedly the internal auditor could be at fault for not discovering the problems that caused the Delotte and Jacky resignations. We just don't know. In any case, if CCME is still a viable conern, let's hope they bring in a heavyweight CFO. Let's also hope he speaks good English.