"The legislation does not affect the SOX 404(a) requirement. Companies with public float of less than $75 million must continue to comply with SOX 404(a), which requires management’s assessment of internal controls over financial reporting."
Good catch. This is the part that should be further disturbing:
"...may not justify the increased expense given Alloy's current level of operations"
Anybody who thinks their current level of operations are fine and dandy is smoking something. Didn't they just hire a new CFO? What kind of stench did he find? This is smelling like EGMI.
Remember just recently...
"The company is reviewing the issue of shareholder communication broadly, and plans changes to increase communications in the future, including a revamp of the company’s website within the next few months." "The company does care about the share price and is disappointed to see it so low."
Good catch. This is the part that should be further disturbing:
"...may not justify the increased expense given Alloy's current level of operations"
Anybody who thinks their current level of operations are fine and dandy is smoking something. Didn't they just hire a new CFO? What kind of stench did he find? This is smelling like other companies that went down the tubes following CFO changes then a lack of audited financials.
Remember just recently...
"The company is reviewing the issue of shareholder communication broadly, and plans changes to increase communications in the future, including a revamp of the company’s website within the next few months." "The company does care about the share price and is disappointed to see it so low."
Something stinks to high heaven on AYSI and i'm not buying their reasons for the form 15 filing.....it sold off hard yesterday and then bounced as bottom fishers stepped in....i expect the sell off to continue from here.....we shall see
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