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Re: researcher59 post# 112297

Tuesday, 04/23/2024 4:33:34 PM

Tuesday, April 23, 2024 4:33:34 PM

Post# of 113276
DRCT - Things got even uglier. According to their NT10-K filing, they were going to file it on or before April 17. Today they issued an 8-K stating that their auditor resigned on April 17. This from the 8-K:

The Company and the Audit Committee are actively seeking a new independent registered public accounting firm and intend to engage a firm as soon as practicable to complete the audit and file the Form 10-K. However, there can be no assurance as to the timing of such engagement or subsequent completion of any audit. The Company expects to authorize Marcum to respond fully to the inquiries of the successor independent accounting firm once engaged, including related to prior years’ audits and the identified material weakness described above.


I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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