Efforts to contact the company proved fruitless. Under close scrutiny are the profits that Globalsoft has reported as having originated from abroad. Informed sources claim that when the prospectus of the company was submitted to the CSE authorities, GLC reported that its earnings from abroad were USD 2 mln, but these were subsequently revised to USD 10 mln. The net profits were also revised higher during the time when the prospectus was pending before the authorities. These were lifted from CYP 2 mln to CYP 12 mln during the short period of three months when the CSE was examining the prospectus, which justified the company's policy to offer large packages of shares to local institutional investors at CYP 6,00 a share.
Acquisitions made in Bulgaria are also under scrutiny.