Originally posted by Silent-Bubbles
Nice one
@Kiwiboy00 and Nice one
@allen1234. You only have to wait long enough and ' Pretenders ' like this will ultimately be brought undone by the other genuine investors.
I mean seriously folk's. I've never heard so much uneducated drivel on a single forum as I have on both VIC and HDY. And just count the number of posts and the overall % and its absolutely ridiculous. Never heard so much Shite in my entire Investing career. I mean seriously when the same poster is talking about hiring a ' Forensic Accountant ' when in the same breath they also say there are too many mouths in the trough. Which is it ? Do you even know how much people like this would command by way of Salary or Consultancy Fees. Heads up they would make more than Clee and Co. and this would certainly defeat the whole purpose of their endeavors in highlighting cost cutting initiatives at the time when the board was transitioning in early to mid 2018. Not to mention the mere fact of a Direct conflict of interest in having this so called person acting for both VIC and HDY. The most important point I would like to bring to the attention of the apparently uneducated is that the Auditors who are in ALL cases responsible for ticking of the annual accounts of ALL organisations were in fact changed by both VIC and HDY BOD's in the last 2 years of their respective reporting. These decision are not taken lightly...... so much so they actually need ASIC Approval for the changes. So get a grip on reality and at least do the proper research before we post absolute nonesense.
In so far as
@Hashimoto's latest post. They are obviously working in concert. However and again heads up mate. This news as dated in the Article itself has been beaten to death on this forum. So please go back over the post ......and I mean all of them and you will see the information that has been brought to account on this forum already. Nice Try though .....but like I said before you have to do better than that to get any nod from me......clear.png
Anyway folk's I have some ' New ' information which I come across , however will wait for the dust to settle on this post before I table it with all the current holders......clear.png
Silent-Bubbles - just to take one of your points in your response at this stage.
When you say that the auditors "were in fact changed by both VIC and HDY BOD's in the last 2 years of their respective reporting." that is true on the surface.
It would be interesting to know the reasons for HDY changing auditing firms. I presume the reason or reasons would have been discussed and some record of the reasons noted.
In the case of VIC, however, it was merely a change of auditor and not the actual firm I believe. It is common practice for auditors to be switched after so long (say 5 years) doing the books so that they do not become too close to the firm. So just a little bit of detail that may have escaped your notice there SB.
So far as ASIC approval for changing auditors that is pretty much just a rubber stamp process so no big deal.
I will come back to some other points in due course.
