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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (12408)	12/19/2003 1:32:02 PM
From: Sir Auric Goldfinger	Respond to of 19428

DYIIE, new ticker seems appropriate as I hear several people have. Dynacq Says SEC Is Investigating Company Accounts Dec. 18 (Bloomberg) -- Dynacq International Inc., a provider of health care services, said the U.S. Securities and Exchange Commission is conducting an informal investigation of the company's accounts. The SEC is focusing on the company's financial statements, internal controls and Dynacq's recognition of costs and revenue. Houston-based Dynacq said it will cooperate fully with the SEC probe, according to a statement issued by Business Wire. Dynacq's independent auditor Ernst & Young LLP resigned yesterday, saying the company's lack of internal controls left the auditor unable to ``develop reliable financial statements.'' As a result of Ernst & Young's departure, Dynacq was unable to file its annual report on Form 10-K. Dynacq also received a notice from the Nasdaq National Market stating the company faces being delisted on Dec. 30 because its failure to file a 10-K means it is no longer complying with certain requirements. Dynacq said it plans to a request a hearing on the matter. Dynacq spokesman James Baxter didn't immediately return a voice mail seeking comment. Shares of the Dynacq fell $2.04, or 19 percent, to $8.95 in Nasdaq composite trading. The company's stock has dropped 38 percent this year. --Samantha Zee in the San Francisco newsroom, (1) (415) 743-3583 or szee@bloomberg.net. Editor: Siler. Story illustration: For Dynacq International's filings with the U.S. Securities and Exchange Commission, see {DYII US <Equity> CF <GO>}.