Remember last month when Koss decided to file their 10-Q without financial statements? At the time the company said it was "due to delays relating to certain previously disclosed unauthorized transactions.” In other words, we got ripped off so bad that we're restating financial statements for half a decade and it isn't exactly something you can whip up like a batch of maui wowie brownies. The Nasdaq has taken note of the slight delay and has said if you don't get us numbers by June 30, you'll be on the pink sheets with the likes of Lehman Brothers. CEO Michael Koss has assured everyone that it won't come to this but obviously we'll have to wait until the SEC posts the filing. If that doesn't happen, you'll be able to add "Koss Delisted by Nasdaq" to Suz's list of destructive accomplishments. Koss gets warning from Nasdaq [Milwaukee Business Journal]
Related Posts
Remote Accountant Who Billed Too Many Hours Owes Her Former Firm $2700 For ‘Time Theft’
- Going Concern News Desk
- January 13, 2023
NPR has a strange story of a Canadian accountant and a firm with time tracking […]
Friday Footnotes: Another Andersen?; What Employees Want; Bald(ing) Accountants | 12.11.15
- Caleb Newquist
- December 11, 2015
May the footnotes be with you, capital market servants. Drop us links and tips over […]
Not the Onion: Deloitte Is Using Spoken Word Poetry to Teach Its Employees About Climate Change
- Adrienne Gonzalez
- August 5, 2021
Not sure if you heard but the giant rock we all call home is in […]
