InvestorsHub Logo
Followers 0
Posts 262
Boards Moderated 0
Alias Born 04/27/2012

Re: None

Wednesday, 04/03/2013 10:06:00 AM

Wednesday, April 03, 2013 10:06:00 AM

Post# of 37358
The company announced early in 2012, that they were going to, or had already, engaged an auditing firm. At the very least, in November 2012 they had hired the firm and from what I could tell a public record did not exist as to pending charges for the principle of that firm.

The only way that the company can clearly demonstrate that they were not aware of the auditors recent issues with the SEC, is taking the audit that was performed, bringing it to another auditing firm, and starting the process again. I personally think the company was screwed by this auditor and these issues were not disclosed. This may be yet another opportunity for the company to show what it's made of... We'll see. No company in its right mind would file a Form 10 using an opinion from an Auditor that has egg on his face.

Join the InvestorsHub Community

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.