Scorpio East

Scorpio East

Postby winston » Tue Oct 11, 2011 9:05 am

not vested

Scorpio East, which distributes video programs for home entertainment, said its auditors Deloitte & Touche LLP had issued a disclaimer of opinion on its financial statements for fiscal 2011.

It highlights that the auditors were not provided sufficient evidence to corrborate explanations provided by the company for the termination and formation of certain contracts.

Deloitte & Touche also said the issues with Scorpio East's financial statements may have a material effect of the company to operate as a going concern.


Source: Reuters
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