The move by LLEN to list in Taiwan and hire KPMG to do the audit work will end up being the worst thing they ever did or tried to do. In addition to being a cruddy place to list due to lack of participants, the KPMG audit will likely reveal more questions then answers....questions LLEN will not answer but could.
I would be watching for a postponement of the cross listing move within 6-10 months. Then possibly a move to restructure part of the company or sell more assets. They will quietly withdraw the attempt and try to keep the reason why a corporate secret.
Having not effected a accountant change, they will slither out of the deal and act like nothing happened...They already suspect a problem which is why they retained Kabani. The reason for retaining Kabani is the same reason they have never made the move to a larger international accountant. In my view, their current consolidation of one or more subsidiaries is not allowed or should not be allowed under US accounting rules. Kabani has overlooked it......(don't see, don't say)
A new firm will not do that. Not after all the frauds......
I would not touch that sick puppy with a 186, 000 mile pole from the moon if I were a investor......It is not a investment class equity. It's just a day trade....Day trading is what I do....but I still won't play that one.
But go ahead....keep on believing and hoping.....and then hope you can salvage something.
Mad what other investments are you into? You are so versed in what is going on with these cos I must wonder where you are really investing. I am all over bonds stock etfs on and on. I am back to highs but still got an insane amount of cash. You would laugh if i told you how much. Where are you investing now plz.