Kiwlegedara has said he will take necessary steps to bring in the financials of the company to CSE soon within two weeks.
On the other hand Sri Lankan advertising industry analysts highlights that World's Largest advertising network (US listed) WPP owned Phoenix Ogilvy Sri Lankan subsidiary has been charging nearly over Rs.4 million to prepare and write and finalise Touchwood Annual Report for last few years during Roscoe Malloney's times.
Touchwood Investments annual reports for last few years has contained more 'so-called' information about overvalued plantations and boasting top class touchwood investors with talking so much about Agarwood and Sandalwood demand worldwide according analysts and investors.
Meanwhile it is informed by the house renting analysts and house owners circles in Western Province that Roscoe Malloney's wife Swarna Malloney and another Thai Woman have tried to purchase a house in the outskirts of Katana area in Negombo and a few other suburbs just few months before Touchwood scandal broke out with Malloney's escaping from the country to Cambodia or Thailand.
However house owners getting to know about Roscoe's game has refused to accept Roscoe and wife as a tenant since Roscoe and family has said the owner will have to collect rental from Touchwood after renting the place.
According to sources Swarna Malloney has showed a picture of Roscoe Malloney as a disable person and a person going on wheel chair and urged that he needs treatment and relaxation which is why the house is needed to be rent out of Colombo.
Thailand and Cambodia news reports outline that Roscoe Malloney's brother was the first to start forestry business and start a scandal in Malaysia,Thailand,Cambodia way before Roscoe started the business in Sri Lanka and listed in Colombo Stock Exchange.
Some argue whether the Sri Lankan regulators were not wise enough to check Roscoe's back ground and Touchwood since Roscoe's brother was already accused and alleged for running the forestry scandal in Bangkok- Thailand, Malaysia and Cambodia.
"At Least our Regulators should have done a Google search about a company that is seeking listing on CSE" a top market analyst from IPO industry in USA said.
"Sri Lankan regulators don't know even how to do a proper Google search and do a small internet background even about a company before listing until someone calls or meets and tell them" a top market analyst from Sri Lanka said.
According to some analysts Lankan stock market regulators are heavily worked out to list companies after motivated by some 'Kick Backs' that are being offered after office hours.
However it is anticipated that Kiwlegedara will turn the course of the company to a new avenue.