Tutogen Medical (TTG) reports that they will have to restate the last three years of financials as well as the last quarter. They found incorrect costing in intercompany transactions. Deloitte Touche was the auditor. The claim is that earnings were under-reported.
At the same time they suspiciously report that Zimmer is looking at making an additional investment in Tutogen. Do you believe in accidents?
TTG 1-yr chart: