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We ask for an investigation to open Allen Vanguard books

This petition was published by Sam Ben on Nov 06, 2009
Closed on Dec 12, 2009
Result:
A huge THANK YOU! to everyone who signed this petition and united their voice to ours. What Allen-Vanguard management has done is nothing short of a well organised fraud. We hope that the recipient of this petition will see it fit to intervene and hold Allen-Vanguard Management accountable to show that they are not above the law and that they are not exempt from honourable business conduct.

If the court approves this sale as an alternative to avoid the public process of a bankruptcy, it will establish a precedent that many more public company Managers will follow. Honest shareholders will lose their investment money with nothing in return.

This practice will undermine small investor’s confidence in the equity market and the capacity of the regulatory agencies to act on their behalf.

We ask for an investigation to open Allen Vanguard books. We have solid reason to believe that an external audit will in no way validate the CFO’s Peter Allen numbers.

This petition is now closed.

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