George Foreman Enterprises Inc.(fka GFME)

[levelnever]

First filing in a long time. Talk about ambivalence, uncertain as to what this all means. Chuck Gartenhaus is still CEO and we know Swatek was on the CFO side of the house based on position with Homeclick, don't know if his resignation is directly related to what happened with auditing firm.

Really up in the air in my mind, if it will mean that they are giving up on the shell or if there will be anything that comes out of this. Whether this is a precursor to other changes coming. According to 8-K, it does not appear that the company had planned that the auditor would resign (i.e. not company instigated) which wouldn't be a great sign.

This change in certifying accountant was not recommended or approved by the Audit Committee of the Company.

And this part certainly doesn't look great.

With it’s limited financial resources, the Company may not be able to appoint a new independent registered public accounting firm to audit its financial statement. The Company’s last filing with the Securities and Exchange Commission was the Form 10-Q for the period ended September 30, 2011.

Either way, still nice that we at least heard something, been too long (1 year 2 months). Would want to know more about that Swatek resignation, keeping my eyes peeled. Anyone else have thoughts?