Ideanomics Inc (IDEX)

[oracleofalvin]

short answer...its a good thing....but if you want to hear more

I would view it as a good thing and a natural progression to becoming a larger public company. Over the last several years they have methodically, as promised, cleaned up their capital structure, upgraded the BOD at several points, etc. This is jsut another step.

KPMG is one of the 'Big 4' accounting firms. UHY is a national US firm with some international presense, but is much smaller...overall. They do have some cities where they have large presense. To give you an idea of the scope of business, the Big 4 have revenues measured in the Billions.....UHY revenues measured in the 10's or 100's of millions. This has been a few years, but when I looked in the past the smallest of the Big 4 was like $15 billion and the next one in line size wise was $300 million.

Big difference from an audit persepctive would be the design of the audits and the depth of technical expertise...and of course cost....UHY would have been much cheaper during the development stage. UHY historically handled all theior technical matters in each local office with a local expert.....the Big 4 have national technical offices that set firm position on technical matters and more robust review process.