RE: Don't ForGET7 Mar 2019 07:57
The chance of being fined is always there, and already built in to the price by the MMS imho. but the remit of the FCA investigation is the content and timing of the RNS releases which is under scrutiny, and the focus of the investigation and not any accounting issues or company policies that gave rise to the lead up to the disclosure of the accumulated losses from 2016 to 2018 The timing of such RNS is the key point along with what was known about such losses, and given the departure of the previous CFO and the appointment of the resident CFO, and the early RNS soon after leads me to surmise that everything was as it should be, and no evidence of neglect of director duties as far as I can determine, was perceptible? All the RNS are there to inspect, further more the steps that YU have taken since this all became wide knowledge far exseed what would normally be required on completion of any such accounting inquiry and credit should go to the resident CFO for his prompt actions along with the BOD. Fine I don't think so.