Since Andrew Little is dead keen on embarrassment perhaps he would like to answer some questions about his time as the boss at the EPMU. The matter of properly filing accounts is simple, rather like making yourself available for process servers.
The Owl writes:
The Owl has been asking that the audited 2006 Annual Accounts to be filed as only excel spreadsheets are filed.
The reason for the on-going request is because there is a variation that in my opinion does not make sense.
The filed 2006 excel spreadsheets shows a $1.28M loss and an equity position of $18.045M.
The filed 2007 audited accounts filed shows a comparative 2006 position (9 months) of $2.2M loss and an equity position of $10.338M.
The Owl’s observation:
What is the correct loss for 2006 $1.28M or $2.2M Loss? (that is an approximate $1M variation).
Filing the audited 2006 accounts may resolve this issue.
NOTE: All information is taken from the public domain and draws no other conclusions than showing why filing audited accounts are important.