How does hiring FH say company is not a fraud?
When running a fraud, you want to cash in as much as you can.
In terms of the audit, it's most likely that the company was prepared knowing how to cook the books.
The shorts made sure to keep the fire under Deloitte to search for FRAUD instead and not just to verify the books.
The resignation of Deloitte is a disaster that can't be overcome IMO. Nothing the company does will now be trusted, nor should it after such an extreme situation.
I deeply regret holding shares.
I followed this board for too long and got caught up by the IHUB pumpers despite the obvious in-my-face surface issues suggesting this was highly risky at best.
Examples were the unprofessional conference calls, lack of communication, no demonstrated follow-through on announced share buy-back and the (ultimately trivial) dividend, lack of coverage by other promised firms, etc.