Post by
auburn2 on Nov 09, 2023 4:43pm
Noticed anything different?
Anyone notice anything different in the restated financials?
Comment by
auburn2 on Nov 09, 2023 4:50pm
Oh, I see. Incredibly minor restatements. Nothing at all concerning.
Comment by
colourama on Nov 09, 2023 6:21pm
One thing I don't understand is, why were they doing these restatements now, when quarterly results were due? Is there some regulatory issue that they had to finish completing restatements before any new quarterly results are released? I don't understand their hierarchy of priority here.
Comment by
longrun86 on Nov 09, 2023 7:19pm
I have a theory that their lawyers have advised them to do this in case there is a shareholder class action lawsuit. this is particularly notable in terms of them updating risk disclosures and the competitive landscape in PNG.