abc learning interim net profit up 62 percent, page-48

Ok, so the auditors are useless.

Still it's surprising there hasn't been word of this in the press, if it's as clear as w_buffet says it is. Plenty of experienced financial commentators would love to wheel out a story like this I assume.

None of the directors have jumped ship.

one thing is surprising: the company's CFO.

There is absolutely NO information on this guy. He gets one mention in the annual report, where his name is listed next to the title Chief Financial Officer. And it's not even his full name, just a "J C Black". ABC is the first company Ive come across not to reveal even the name of its CFO in its annual report. Ominous perhaps