ZST Digital Networks, Inc. (ZSTN)

[GorillaGorilla]

Noticed this bit, I haven't been following the company, and noticed that this isn't the first time it's been mentioned. Though they say they intend to get it sorted by EOY.

Management believes the actions described above will remediate the significant deficiencies we have identified and strengthen our internal control over financial reporting. While these remedial actions have previously been identified, the necessary operational and personnel weaknesses were not alleviated in fiscal 2009. Our management intends to substantially complete these identified remedial actions during fiscal 2010.

Possibly this may have been exaserbated by moving to BDO? Another company I follow, and, gulp, still own shares of CNYD tried to move to BDO and were rejected and got told to sort out their accounting. Pure conjecture but perhaps BDO has been telling ZSTN to up their game?

Anyway, at least ZSTN got accepted by BDO! And I'm envious that ZSTN hasn't mucked about and started to buyback shares.

rich