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Technology Stocks : Vuzix Corporation-VUZI-A Visionary Pick? -- Ignore unavailable to you. Want to Upgrade?


To: Sultan who wrote (358)4/7/2018 4:21:17 AM
From: Labrador  Respond to of 672
 
Another suit against this short seller was recently filed. Here's the complaint by Cemtrex (CETX).

sec.gov

It would be much better if a company, such as Cemtrex, used a recognized audit firm rather than a company that has received a PCAOB disciplinary finding.

pcaobus.org

Note that Vuzix's independent auditors, although a small and relatively unknown firm, has received favorable reports from the PCAOB - something to consider when investing in these smaller capitalization companies. Nontheless, these short sellers can pick at the accounting policies much easier when the accounting firms are not well known (smaller firms).