InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
85.88
(
-0.72%
)
Bitcoin
55,892.43
(
0.08%
)
Post# of 346917
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

CSykes

Send PM Follow Ignore
Followers 0
Posts 12626
Boards Moderated 2
Alias Born 04/05/2006

CSykes

Re: None

Wednesday, 09/16/2009 11:07:21 AM

Wednesday, September 16, 2009 11:07:21 AM

Post# of 346917
The transition to the new auditor has resulted in delays in completing the audit of SpongeTech’s financial statements for fiscal 2009, as well as the re-audit of its financial statements for fiscal 2008, which the SEC notified SpongeTech on September 11, 2009 would be required as a result of the revocation of Drakeford’s PCAOB registration.

What a convenient way to pass the blame to the auditor. I bet there is going to be an entirely different picture painted of the company now. I wonder if those insane A/R's will now be presented as they really are... consignments that have not been invoiced.

Visit our #board-9884 and come make $$money$$ with us by trading and investing in Emerging Chinese Small Caps!

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up