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VanEck Semiconductor ETF V.SMH


Primary Symbol: SMH

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS US Listed Semiconductor 25 Index.


NDAQ:SMH - Post by User

Post by stick2factson Aug 26, 2010 12:58pm
367 Views
Post# 17386357

audited financials

audited financialsWe will see in the next day or so whether the new auditors are running a tighter ship than the old auditors.

The notes to the financials use to leave us wondering whether or not items required to be paid under option agreement terms had been paid or not, cash reserved for flowthrough spending was never segregated as restricted on the balance sheet, the available cash being  a negative because it was less than the amount restricted for flowthrough was never pointed out, the property option agreements being in default for non payment was never pointed out, etc etc

Really hope new auditors do their job properly now instead of signing off on DB double speak.
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