The thread is in a quiet mode. We won't see anything to comment on until we find out about LEAH's trading status for Friday, spin-off news, or (Heaven help us!) latest on the audit.
I expected D & T to ask for a little more time on the audit, pushing it back past April 1st. At that point, however, any requests for extension would be objectionable from LEAH's standpoint. The audit job is complex for a small company, but there's still a point of diminishing returns and the client deserves to get his results. If D & T wants to go to late April or early May, the current situation suggests that they at least contribute to a public confirmation of their involvement with the company. Such a statement should include, IMO, a completion deadline for the audit.
From the company, I'd expect an earlier update, probably at the point where they have met all of the SEC's requests. This should include a comprehensive update on the spin-offs, as well as their statement that they have and are cooperating with the SEC-and what they and their lawyers expect to be the reasonable results. On the other hand, if their lawyers have advised silence to continue after next Thursday, they should publicly announce that.
In the meantime, the thread suffers from the occasional hit-and-run cyberturd-garden variety in this case-that is best handled by silence on our part. |
