Value Microcaps Motherboard

[stock_peeker]

07:25 YUII: Rodman & Renshaw notes Friday YUII hosted a conference call after the market closed to provide the rationale behind Grant Thornton's resignation as the co's public accountant and address investor's concerns. To remind investors, on 3/11 YUII announced the resignation of its independent registered public accounting firm, Grant Thornton, which had been appointed by the co on December 8, 2009. The reason stated by Grant Thornton for the resignation was a material weakness in YUII's internal financial controls related to related party loans between Yuhe International and Shandong Yuhe Food Group, a private co 80% owned by YUII's Chairman and CEO, Mr. Zhentao Gao. Firm does not view this as a material risk to the ongoing business, reported financial results or its forward looking ests and believe that this process will be adjusted going forward. Firm believes that the volatility created from the resignation has created an oversold situation and a compelling value proposition. Firm views this pullback as a good entry point or a way to add to existing positions for longer-term and GARP investors.