For decades, JCI shareholders have been trying to force the firm to produce audited financial statements so they can ascertain if there is any value in the company
JCI, the investment and mining firm linked to deceased controversial mining magnate BrettCompanies and Intellectual Property Commission for failing to prepare its financial statements in time for a settlement to end a long-running legal battle.within six months of its financial year-end.
JCI was delisted from the JSE in 2005 after failing to produce audited financial statements for 2004 and 2005, as it became involved in controversies linked to the late Kebble. Financial Mail previously reported that there was a strong suspicion that JCI is, and has been at least since 2004, hopelessly insolvent — which is the main factor in delaying the release of audited financial statements, rather than technicalities that have been cited by the board.
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