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is PwC Panama the same as PricewaterhouseCoopers Manama, Bahrain as in their website said? anyway, do you contacted them about this issue?
A Panama based corporation should be audited with a Panama based auditor which is conform with accounting principles generally accepted in the Republic of Panama. Furthermore on their related page is nothing stated that there auditor is in Manama, Bahrain. Actually nothing on their website is referring to Manama, Bahrein.
Incorporated in Panama, auditor not PwC in Panama, telephone in Australia... If this doesn't sound fishy to you, then invest please.
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A Panama based corporation should be audited with a Panama based auditor which is conform with accounting principles generally accepted in the Republic of Panama. Furthermore on their related page is nothing stated that there auditor is in Manama, Bahrain. Actually nothing on their website is referring to Manama, Bahrein.
Incorporated in Panama, auditor not PwC in Panama, telephone in Australia... If this doesn't sound fishy to you, then invest please.
well, i have invested already, so do not worry about me.
regarding the fact that company is registered in panama - it is common practice to register companies in offshore zone to get higher liberties to come with offshore regulations and lower taxes. phone number - i think that ceo is from australia so company probably also managed from australia. this is not contradiction with being registered in panama.
also check their audit statement it is written that they are audited by pricewatercoopers based in manama, bahrain. pwc surely have many branches and i am not sure if each one knows about each other - they might have their trading account in other country than panama, or anything. i don't know - all this can of course be false. so, i think i'll try to clear it with them just for myself. you might also should do the same.