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Re: YouOnlyLiveOnce post# 34794

Monday, 10/20/2014 4:51:09 AM

Monday, October 20, 2014 4:51:09 AM

Post# of 70694
...except for a going concern opinion expressing substantial doubt about the ability of the Registrant to continue as a going concern.

The sentence did not stop after the comma.

Usually a change is not a good thing. It means some disagreement about reports behind the scenes (company wants to paint a better picture, auditor does not want to follow-up on this). The last report was quite pessimistic (even for a pennystock), Grid apparently did not like that.

http://pcaobus.org/Inspections/Reports/Documents/2013_John_Scrudato_CPA.pdf

It seems this is the same Scrudato.

The inspection team identified what it considered to be audit deficiencies. The deficiencies included failures by the Firm to perform, or to perform sufficiently, certain necessary audit procedures.



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