It could be that they fired the accounting firm for not getting the 10-Q out on time. Or there may have been a disagreement with the accountants relating to the June sale of the rice bran unit. The 8-K filing stresses that their were no disagreements with the accounting firm up to June 30, so presumably the problem arose sometime after that date, in July/Aug. So it might just be that the accountants failed to get the 10-Q done on time, or could be the company and the accountants had a serious disagreement over some aspect (?) The market response today suggests a 'sell now / ask questions later' response from the market, or from enough nervous shareholders to generate the 160 K share volume. Just curious if there have been some larger blocks going by on the sell side volume today? Thanks.
>>> During the Company’s years ended December 31, 2021 and 2022, and through June 30, 2023, there were no disagreements with RSM on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to RSM’s satisfaction, would have caused RSM to make reference to the subject matter of the disagreement in its reports on the Company’s financial statements.
During the Company’s years ended December 31, 2021 and 2022, and through June 30, 2023, there were no reportable events of the type described in Item 304(a)(1)(v) of Regulation S-K. <<<
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