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

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To: Icebrg who wrote (733)9/2/2005 10:11:46 AM
From: quidditch  Read Replies (1) of 946
 
Ice, yes those are the prescribed disclosures under Reg. S-K, if there are no disagreements in the resignation/firing of an independent accountant. My only point is that if it were as simple as a cost issue, CTIC would have had a successor lined up when GT resigned. It is clear that GT no longer wanted CTIC as a client, and the question is why.

Accounting firms have ways of signaling when they want to dismiss the client, and the process usually then becomes collaborative. In this case, for whatever the reason, it was not.

quid
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