SeaDragon auditor PwC struggles to find evidence supporting asset valuations; withholds opinion

Fri, 22 Jun 2018

By Paul McBeth June 22 (BusinessDesk) - SeaDragon's annual accounts got a black mark from its auditors for a second year, with PwC declining to express an opinion on the financial statements after failing to find enough evidence supporting the fish oil supplement maker's asset valuations. The Nelson-based company today released its annual report, having published unaudited accounts earlier this month showing a narrower loss of $6.1 million in the year ended March 31, while also negotiating a $6 million lifeline from its cornerstone shareh...

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