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Stock Market & Financial Investment News

News Breaks
August 30, 2013
14:50 EDTALTIAltair Nanotechnologies names Richard Lee CEO
Altair Nanotechnologies disclosed in a regulatory filing that on August 26, the board of the company appointed Richard Lee as CEO of the company. Lee most recently served as managing director of DCM Management Consulting, a Hong Kong-based consulting firm advising on sales, business and credit reports.
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September 4, 2014
18:57 EDTALTIAltair Nanotechnologies accounting firm resigns, unable to complete its audit
Crowe Horwath, the independent registered public accounting firm of Altair Nanotechnologies, resigned as the company’s independent registered public accounting firm. Crowe was unable to complete its audit and issue an audit report for the year ended December 31, 2013 due to material weaknesses to the company’s controls and procedures. In its resignation letter, Crowe advised the company that it was resigning due to its inability to complete the audit of the company’s financial statements for the year ended 2013 in part due its inability to perform sufficient procedures to determine the completeness of reporting of subsequent events transactions that may have occurred in China and in part due to the company’s material weakness relative to implementing controls and procedures to ensure accurate and timely communications between the company’s subsidiaries in China and its U.S. based accounting team.
14:48 EDTALTIAltair Nanotechnologies trading halted, for information
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