Sun 2/25/2018 00:40 ET
DJIA25309.99347.511.39%SOLAR24.910.010.04%GOLD1330.502.260.17%Shanghai3289.0220.720.63%
S&P 5002747.3043.411.58%BANKS29.120.441.51%OIL63.580.811.27%BITCOIN10417.56247.942.38%
NASDAQ7337.39127.671.74%SEMI105.662.322.20%US/EU1.230.000.00%Futures2748.7537.251.36%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - KIT digital, Inc. - KITD   

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add KITD
  
From: PornStarTrader (Rep: 1634)Date: 12/18/2012 16:03
Forum: KIT digital, Inc. - Msg #485Thread #673485848 (Rec: 0)
KIT Digital Dismisses Auditor; Shares Will Be Delisted From Nasdaq

Last update: 12/18/2012 9:56:15 AM

By Tess Stynes

KIT digital Inc. (KITD) dismissed its independent auditor Grant Thornton LLP as the maker of on-demand software also said its shares would be delisted from the Nasdaq Stock Market as of Friday before the market opens.

The company last month said it would restate its financial results since 2009 due to accounting errors and was considering strategic alternatives, including financing transactions and a possible sale of the company, as it expects to continue to incur significant cash expenditures.

KIT digital said Tuesday it is in the process of engaging a new auditor. The company's stock is currently subject to a trading halt that it doesn't anticipate will be lifted before the delisting. KIT digital said the delisting stems from its decision to not pay certain fees based on its current circumstances. The company intends to apply for listing on the OTC Pink Sheets/OTC Pink Marketplace.

Write to Tess Stynes at Tess.Stynes@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires



"Buy Fear and Sell Euphoria" "Price is the Ultimate EQUALIZER"

"Being right too soon is another way of being wrong"

What would you like to do? Message: Endorse | Bookmark | Report AbuseUser PornStarTrader: Reward | Watch | IgnoreKITD: Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add KITD
  

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.