The auditors will start the audit this month on the FY18 annual accounts.
Confirming the value of the assets and liabilities particularly with problems with other Chinese companies will be an area they will focus on heavily. They have already indicated they want to see an independent valuation for the investment in the industrial buildings.
The auditors are working for us. They are independent of XPD.
The low share price indicates shareholders don’t have confidence in the previous financial accounts or audit process.
The time to make money is by buying distressed assets at low prices.
I just topped up and purchased more shares at 2.2cps.
