Just to try and explain what TNAV is but also to take issue with a brewing scandal on the AIM Casino which is the way that audit forms have failed to review carrying values in a most grotesque if not negligent manner. My case studies are three companies now at death's door all of which have boasted of mammoth asset backing: Sefton Resources, Beacon Hill Resources and Quindell and I reference recent conversations with my pal Sam Antar.
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Comments
turbograndad
Totally agree, but accountants are as duplicitious as politicians, insiders,bankers, cronies, phonies PR and bullshit is what seems to make the world go round. I was stood in a department store yesterday, looking at all the dressed up offers pre xmas, PR bullshit fraud, then actual product, perfume dept, all the various bullshit brands, the world and his wife in on the act, along with writing a book, celeb sponsorship, a whole load of crap. What would you value UK PLC, at then, the George Osbourne accounting method, the ONS, the BOE, the ECB, the world bank. I take your point totally on shareholder beware!!!, at one time I thought the AIM, uninvestable, we invest our trust, and we invest that trust via our money, trust is a very rare commodity, and as as you know commodities are down, bear territory. Just wanted to make that wider point, and beware of the scoundrels, they even decieve themselves.
J P Spaghetti
Speaking as TG was about department stores at Chrimbotime, I wonder if the constant looping of inane Christmas-tuney-drivel-crap has ever been presented successfully in a court of law as a reason for the jury to find the accused who was working in such a store at this time not guilty of something heinous by virtue of diminished responsibility on the grounds of having been driven (transiently) insane by it. Actually – shouldn’t the EU intervene because of the right for employees to be treated with dignity? Is there such a right?