Three Reasons to Heed China Sky One Medical's 10-K Filing Extension [View article]
Today, the company gave an explanation fort the delayed 10K filing which caused the stock to jump 10%. The reason is a harmless technicality.
The company upgraded its auditor in two steps from an unknown local Chinese firm to a well regarded international audit organization. That was clearly a positive and not a negative development.
The company's independent directors have a scientific orientation. It would indeed be preferable to have one or two US based independent directors with a financial background. Maybe Mr Qui Feng is a talented individual able and willing to rise to the task. Maybe he has been put on the audit committee because he is fluent in English and can better communicate with the international auditors.
-
Today, the company gave an explanation fort the delayed 10K filing which caused the stock to jump 10%. The reason is a harmless technicality.
Apr 07 12:53 pm
|Rating:
+1
-1
All Comments by Karl Francis »Three Reasons to Heed China Sky One Medical's 10-K Filing Extension [View article]
The company upgraded its auditor in two steps from an unknown local Chinese firm to a well regarded international audit organization. That was clearly a positive and not a negative development.
The company's independent directors have a scientific orientation. It would indeed be preferable to have one or two US based independent directors with a financial background. Maybe Mr Qui Feng is a talented individual able and willing to rise to the task. Maybe he has been put on the audit committee because he is fluent in English and can better communicate with the international auditors.