Being late on filings at the time of the Allied acquisition fueled this whole audit fiasco. If they were current and did not buy Allied with stock, this would have been a non-issue. They could have avoided this by being current. They would only need to show simple financial statements. This shows lack of management savvy. They did not know enough to know they needed help.
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.