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Alpha Growth - challenges awaiting incoming auditor

By Tom Winnifrith | Monday 30 December 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


In my weekend GOTCHA article I noted that Alpha Growth (ALGW) was shy in naming its new auditors which its has had over 8 months to sort out. On further reflection perhaps I was being too generous, I blame the Christmas spirit. Perhaps, the absence of a named firm is because no appointment has yet been made and the change in year end was a kick the can down the road exercise until it can find a new auditor. As I note below Alpha faces some real challenges in finding an auditor due to the following:
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