Friday, April 1, 2011

Saga? Soap Opera? or April Fool?

ASX announcements by CEC Group of reasons for the serial non-lodgment of half yearly accounts to 31 December 2010:

February 28:  "Recent events such as cyclone Yasi and flooding have disrupted completion of the accounts and audit."

March 14: "Recent events such as cyclone Yasi and flooding had disrupted completion of the accounts and audit and there remain material accounting issues to be determined."


April 1:  "Aside from the recent events such as cyclone Yasi and flooding that had disrupted completion of the accounts and audit, there remain material and complex accounting issues to be determined."

Any suggestions for a further advance on cyclones, floods, material, & now complex?

CEC remains suspended from trading on ASX since Feb 28. Presumably they continue "not to incur any further liabilities" as per the 18 March announcement?

 

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