Rants, Raves, Reviews


iiNet Shareholders getting itchy?

By Gary R, in , posted: 26-May-2006 16:08

Its been nearly 6 weeks and the shares are still suspended. The current state of the finances has been put down to 'human error'. I wonder if that means someone has fiddled the books? By the sound of it the EBIT has been downgraded yet again to $25M - another $5M has mysteriously disappeared.

Seriously if I was a shareholder I would be demanding answers. It is totally unacceptable to take 6 weeks to sort out an 'accounting' error! I am sure iiNet will be severely punished by the markets when they finally do reappear.

Other related posts:
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National to invest in broadband
We Blew our cap again








Comment by freitasm, on 26-May-2006 16:42

If they do...


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Gary R
Wellington
New Zealand


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