Verde Agritech Ltd T.NPK

Shoddy accounting

[PedroPistacio]

I think CV needs to eat some humble pie. Stan has caught him out on several occasions now, but CV still treats Stan's questions with contempt and that is just not on. After this latest error I think the board needs to show some contrition, and dismissing large private shareholders' questions is not being contrite. If I'm brutally honest I think Stan you can go in a bit heavy at times, so there may well be a classic personality clash with CV, but nevertheless we are all adults here and for CV to simply dismiss awkward questions just because he doesn't like who's asking them isn't good enough. Perhaps the Board do indeed need to sack the CFO, but I suspect it will be up to shareholders to give the Independent non-execs a shot across their bows to keep the executive management in check. We really need to stop management scoring own goals when we are winning!

[ICT1111]

Pedro, I am aware of at least 6 emails that have been sent to the Independent Director none of which have been acknowledged let alone answered.  It smacks of a closed shop

[Sage4Puck]

Pedro & ICT, thanks for sharing these important points (my knowledge on the aforementioned exchanges was/is limited at best). In my experience, board and CEOs tend to treat shareholders differently depending on holdings and holder. It is only natural, I guess.  Companies big and small all make restatements to correct errors. We shareholders are better off when they do so quickly and