I think it was more that management was really upset over their considered opinion in the auditor's statement of condition:
"except that the report contained an explanatory paragraph stating that there was substantial doubt about the registrant’s ability to continue as a going concern."
I've had other stocks in the past where the auditor statement of condition helped kill the stock price and ultimately the company. Those companies were fairly weak to begin with and I don't think PMXO is in the same boat. I think this was a real slap to the face of our current management.
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