Following on from comments some, including me, have made about the declaration by Mr Green that his company is presently loss-making, I see from the excellent Bill McMurdo that a statement has been released by Mr Green “clarifying” matters.
“We are a public company and have to publish accounts at both the half year and full year stage. Everything will be laid bare. The trading position of the company up to the float was in the prospectus. There is absolutely nothing to hide and all will be disclosed.”
Who can have any argument with that? After all, as he says, the company will publish accounts at 6 months and one year. Although as this is the company formed in November 2012, even the six-month accounts will take a wee while to arrive. Continue reading