The sp bounced around alot in the months leading up to the change at the top. What I find ominous is a 3 pack of worrisome events. The first was a change in accounting firms where a replacement was suggested but never confirmed. The second was the resignation of a director and the third is a delay in the release of year end financials at a time when the news has dried up after a promise from Mr. Wu to keep shareholders informed. I noticed that the SEC filing re the director resignation didn't show up until yesterday on the commission website and it was signed by Fletcher not Wu. That may be the result of Wu's heavy involvement in Asia to secure the future of the company and that is what I would hope but how do we know? Add in the fact that Nite has locked the market down and in fact keeps offering shares at a discount of 15%+ to the rest of the MMs and the rumour (and I have no way of confirming the validity so it may be completely erroneous) that there have been irregularities with online trading. (see Stockhouse board) and I'm not very comfortable with this right now.
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