At the news released this morning by Expansion http://www.expansion.com/2009/12/22/empresas/industria/1261517502.html paste it seems appropriate to the opinion we have emailed a shareholder of the Association and I share in its entirety. Good morning
this morning I woke up, the digital edition of EXPANSION and read with interest that arises punish CNMV LSB and counselors who presented the 2008 annual accounts later.
To my dismay at the end of the information was devastated to see that it appears that only seems to appreciate the CNMV formal defects and she points out the Regulator says " not appreciate the existence of circumstances suggesting the action of La Seda as intentional conduct aimed at concealing the information CNMV" .
Besides I guess that this action does not eliminate the possibility of other possible actions by the CNMV find that the tone of this assessment is of great concern for our interests and to the CNMV confirms that the small investor is negligible. LSB
mocked all investors with quarterly reports in 2008 that later became clear that were totally false. Then, shockingly out of time, gave completely around the stocking when he presented the audited accounts and we went from black to white. But is that the audited accounts and the various models of dark gray accounts previously made (and had nothing to do with the quarterly reporting) there were many adjustments that were indisputable. I remember, just as examples: adjustment of balances are missing from suppliers for a forecast of "fertilizers" unjustified or adjustment of the famous 100 MM technology sales (audited accounts themselves recognize that in April 2009 had been resolved the contract). I think it is at least arguable that there are clear indications that the financial information previously dark gray made by the Council (the non-GAAP) was deliberately false; least it would have to investigate .
Knowledge of black beads at once has been an unparalleled deception and I think unprecedented for investors. The available information is highly contradictory to the end, it was very harmful to those who entered in value in recent months prior to the suspension and investors who did not have long to overcome. As a result of malicious action or negligence Council and unwillingness of the CNMV the end we were all sequestered in the value trap, although it has these consequences so severe, the CNMV not seen evidence of concealment.
do not know what you think, but to me it is outrageous and heartbreaking tone in all of this in the CNMV. Obviously, the CNMV is not responsible for the internal problems of LSB, but I think if it had been more demanding in time this process may have been more digestible and probably would not have resulted in that action was suspended 6 months. I think the tone of the CNMV is the one you want it to appreciate intentional delay so they themselves would be in very bad position. Greetings
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