I have a similar story to yours.. bought & sold ALIF twice in the past.. taking a small loss each time. I also got in again a couple of months ago, but this time I'm holding.
The auditors didn't agree with the Accounts Receivables according to information filed. But IMO even if you wipe them away completely, for a profitable company trading at a P/E of under 5, in the mobile/gaming space, who has a partnership with 3M for medical/business applications, I'd say the accounting "issues" will be resolved in due time.
It's a pitty about the auditor, and a bigger pitty about the law suit, but if they have a solid business model, solid technology, and their sales keep growing, the issues will solve themselves.
IMO
Tyk
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