On a different note, this is a callout to anyone interested in exploring this “Case Study” as a forensic accounting opportunity.
I did go through their financial statements from 2014 (when they were a cement company) till now. Given the nature of accounting (that assets should match liabilities) accompanied by simple additions and subtractions, it is impossible to prove/hint that there is something fishy outright. Needless to say, I merely have a working knowledge of accounting only.
I have a working theory, but its just that – a hypothesis. I do not intend to convince myself or others on any outcome, the case has just struck my curiosity. There is a part of me that says, I should not invest any of my time on this, but I want to learn more and want my convictions questioned. As Charlie would say (something along the lines) that if you haven’t changed a belief/idea of yours in a year, its probably a wasted year. I am looking forward to either working with someone on the forensic part or call it an educational group study/discussion. For EDUCATINAL PURPOSES ONLY!!! Please PM me if you are interested. Many thanks.
Disclosure: I am not invested – long or short.
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