GLG Group's Cash Flow Conundrum?

This is one of the more interesting cash flow statements I've seen in my time: Do the 2010 numbers add up to you?  Incidentally, at a conference in 2011, short-seller Sahm Adrangi told me one of his big red flags when looking for frauds is a big name auditor from a small name town. Deloitte's Hobart office let this one slip through. I quite like the Tasmanian capital myself, but why would a Singapore-based garment manufacturer get its accounts audited in Hobart? We have spent about five minutes looking at this company and know nothing about it. We won't...

This is one of the more interesting cash flow statements I've seen in my time:

GLG corp cash flow_0.jpg

Do the 2010 numbers add up to you? 

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