Cattles PLC Discussion

Re: accounts FAO dreddj

dreddj — Sun, 21 Mar 2010 00:42:00 GMT

Santa

Shame on you for being a non subscriber- I was counting on your mate's 500,000 to swing the day in favour of the uninformed!

There is still time to log on and subscribe at www.cattlesshares.co.uk !!

However you ask and I answer pro bono

1 2009 will be finished but not signed off (IMHO) as GT will have thrown a monster team onto the job at premium rates and they will be actively coordinating efforts in relation to 2008 and maybe 2007 and earlier depending how far back there is room to properly restate. The bottom line will not have altered much from what it was for 2008; 2009 will be a disaster because of actually incurring impaimants and the problem will be trying to truthfully state what, if anytihng, there is for the "interested parties" to look at.

GT will be concerned to ensure that they are spot on and not subject ot any possible criticism in the future.

Not a deliberate set of actions to delay merely that the consequences of the addition and subtraction will take some explaining away.

2. Don't think they will have got to whoever at stock exchange runs rule over whatever co's announce/publish.

3. See 1. I do not think Shareholders have right of action against auditors for not finishing off accounts.

As to actions against PWC I think RI subscribers have a possible shout but anybody coming in later is without a remedy (IMHO and only being a country hack not a city slicker) although CTT, who engaged and instructed PWC et al, may well have a remedy against them although this might be illusory as it will be a battle of wits betwen PWC insurers and RBS as to who wants to settle for least to satisfy "honour". The likelihood of telephone numbers being on the table will be slight and the likelihood of a long distance telephone number from my learned friends great.

Net result for PI's = :-(

The bottom line of all my research is that PI's are wide open to being gulled by auditors and companies, who can make misleading or apparrently inaccurate statments in annual reports and trading statements without being liable to those who read them or rely on them.

DYOR is a non sequitur because there is nothing you can in law rely on to research on. Due dilgence is open to those to whom the company opens its books up to- like banks lending money - not to the poor souls who lose their shirts buying mature stocks like CTT was.

What we forget is that we are buying from somebody who prevously bought who wants to sell.

We are (were) not buying from Marks & Spencer but from a car boot sale- my analogy.

I venture that more reliable information was available to our friends following the nags last week than there was to those who bought into CTT after the RI.

Remember: www.cattleshares.co.uk

those 500,001 are needed! By dreddj

accounts FAO dreddj

santabarbara — Sat, 20 Mar 2010 19:51:00 GMT

CTT trading is suspended because the accounts have not been completed.

That was a year ago.

How much longer do the accountants need?

1. They are finished, presented, and 'interested parties' are finding 'reasons' to delay publishing and re-listing?
2. They are finished, presented, and the stock exchange doesn't know what to do. So lots of middle managers are doing what they do best - meetings with no result?
3. They are not finished. As a shareholder, if this is the truth, then can we sue the accountants for:
failing to deliver a set of trueful accounts originally.
failing to deliver a set of accounts in proper time
both of the above leading to serious lower value in CTT sp with
corresponding losses for shareholders and other stakeholders

dreddj you are a lawyer. I didn't join the previous campaign. However your thoughts on the above would b appreciated.

Santa

By santabarbara

Re: Regulatory update is due

dreddj — Sat, 20 Mar 2010 18:03:00 GMT

patches

There are three kinds of auditors in the world.
Those who can count and those who can't.

By dreddj

Re: Regulatory update is due

Patches OHoulihan — Sat, 20 Mar 2010 17:46:00 GMT

I do believe that (even more) auditors are in the Nottingham HO at the moment & they're working on a set of accounts for 2008 & 2009. Obviously this company has money to burn still with all the auditors, interims, consultants, retention bonuses etc...to pay for? Is it me!? By Patches OHoulihan

Re: Regulatory update is due

jacques de montreal — Sat, 20 Mar 2010 11:33:00 GMT

I'm pleased to be able to say that i've made up my entire loss and am showing 100% paper profit on top, by investing in 50,000 AFC.L a few months ago. It's classed as 'speculative' still, but it's worth a look! DYOH

If I can help a few punters back into profit then that would be good.

However, I'm not forgetting what a wretched mess the former management have created here and if trust is to be maintained in British plc's, then accounts must be published and the FSA must see to it that Cattles is investigated thoroughly and without delay! By jacques de montreal

Re: Regulatory update is due

Drewton — Sat, 20 Mar 2010 10:40:00 GMT

dredd...

I see you have provided more evidence that a sense of humour prevails...

!! By Drewton

Re: Regulatory update is due

dreddj — Sat, 20 Mar 2010 08:45:00 GMT

BAD S

next thing you will be wanting them to publish some accounts!

are you not satisfied with being kept in the dark?

By dreddj

Regulatory update is due

badhshah — Fri, 19 Mar 2010 22:00:00 GMT

Isn't it the time for a regulatory update since this is still a listed stock and in business. By badhshah

Re: drewton o/t

Drewton — Fri, 19 Mar 2010 20:07:00 GMT

It's refreshing to see everyone is alive and well and that a sense of humour prevails.

Kind regards By Drewton

Re: drewton o/t

jr50 — Fri, 19 Mar 2010 19:09:00 GMT

ju

she would'nt let me have it............said i was not reputable enough, and that there were rumours in the trade that i would sniff the passenger seats!

i have written a stern letter, but no reply so far.........do you think i have a case of 'car dealer discrimination'?

john By jr50

Re: drewton o/t

sparkie babe — Fri, 19 Mar 2010 18:28:00 GMT

John

are you flogging the queen's second hand car?

Ju By sparkie babe

Re: drewton o/t

jr50 — Fri, 19 Mar 2010 17:57:00 GMT

makeawill4u and drewton

how are you two

im afraid ctt have skint me out, so im unable to make the venture, but will have a dig around in my sock cuboard to see if i can scratch a few quid together.............or have i missed out?

john By jr50

Re: drewton o/t

makeawill4u — Fri, 19 Mar 2010 16:54:00 GMT

I need JR50 to fund the placing of the bets on the basis that I can only pick losers at the minute and i would be 100% better off

John, where are you?

;o) By makeawill4u

Re: drewton o/t

Drewton — Fri, 19 Mar 2010 09:52:00 GMT

I need JR50 to fund the placing of the bets on the basis that I receive 75% of the winnings......

John, where are you?

;o) By Drewton

Re: drewton o/t

makeawill4u — Thu, 18 Mar 2010 19:21:00 GMT

big bucks came my way today but tomorrow will be COOL DIMES (sic) going aginst the big two ew

in the first ill be following todays trends in the figures for van sales with ALAIVAN

then on ANY GIVEN DAY i will TELL MASSINI how GENTLE GEORGE will get the best of ASHKAZAR before finding YOU'RE THE TOP punter at cheltenham

best regards

By makeawill4u