Are the Board of Directors in Asia Media performing their duties diligently?

This is what you see in Asia Media quarterly financial reports for 1Q14, 2Q14, 3Q14 and 4Q14 on the prospects of the company (item B3 of the notes to financial report)

"Based on the above and barring any unforeseen circumstances, the Board of Directors is of the opinion that the prospects for the Group for the next quarter will remain favourable due to increasing customers' demand."

How the company performed in the subsequent quarters?

RM(m)	1Q14	2Q14	3Q14	4Q14
Revenue	6.873	4.898	4.760	4.363
PBT	0.282	-1.999	-2.363	-14.995
PATAMI	0.327	-1.997	-2.362	-16.32

Favourable? The PATAMI has been dropping quarter on quarter since 2Q14. Increasing customers' demamd? Revenue has been declining quarter on quarter as well since 2Q14.

The statements on the company's prospects were misleading and this raises the question whether the board members, especially the independent directors are performing their duties diligently?

Below is a red flag in the company:

Ang Lay Chieng vs Asia Media Group Berhad and Asia Media Sdn Bhd (Kuala Lumpur High
Court Suit No. : 22NCC-332-09/2014)
The Plaintiff's primary claim against the Company is that there are irregularities in the Statutory Declarations in respect of the Financial Statement of the Company for the financial years ended 31 December 2012 and 31 December 2013 ("Financial Statements") on the ground that her signatures in the said Financial Statements have been forged.