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Biotech / Medical : Cell Therapeutics (CTIC)
CTIC 9.0900.0%Jun 26 5:00 PM EST

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To: tom pope who wrote (730)9/2/2005 9:33:15 AM
From: quidditch  Read Replies (1) of 946
 
Clearly, this is another negative development. If it was a cost issue (many smaller companies are buckling under the weight of the high SOX 404 fees that the big 4 and next 3 (including Grant Thornton) are charging), CTIC would have a successor independent accounting firm lined up and would have announced it in conjunction with this announcement. The resignation bodes ill--either difficulty in receiving payment or other, more insidious going on.

quid
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