I agree with this, I'm withholding full judgment until I read the specifics of Deloitte's resignation. Who believes that we wouldn't have a signed 10K by now if it hadn't been for DeloitteWatch.com and a blizzard of misinformation, innuendo and hearsay. Deloitte had some incentive to get out of the hot seat, so there is some chance they sabotaged the audit, however miniscule.
The stock is f'ed regardless, but the halt may continue for a month or more and a lot can happen. Best outlook for a reasonable exit price is a forensic audit, by a decent auditor, that answers all questions and verifies a substantial business, and with all issues addressed by the company going forward. If the company gets that, then there is no reason they shouldn't be able to announce a dividend and let FH do its thing.
Worst case, the company slinks off RINO-style, ends up on the pinks, and is entombed in silence due to lawsuits, guilt and indifference to shareholders.
There are still many things that don't add up. For instance, if this is a stock pumping scam why didn't management sell any shares whatsoever? Why would they inflate their earnings to such a high degree that they would draw scrutiny and have to fake so much cash? They didn't just make the earn-outs, they blew them away. And why would they hire Deloitte?
Not that it matters, ineptitude can be just as harmful as deceit... but ineptitude, if corrected, may get $6 or more, whereas deceit may get $3 or less.
AI
