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Stock Market & Financial Investment News

News Breaks
March 24, 2014
09:34 EDTALTIAltair Nanotechnologies appoints interim CEO, CFO
Altair Nanotechnologies disclosed that its board on March 18 appointed Guohua Sun as Interim CEO and appointed Karen Werner as Interim CFO. Sun has served as the General Manager of Canon Investment Holdings and Guangdong Yintong Investment Holdings from April 2005 to the present and currently serves as an executive director of Zhuhai Yintong Energy. Werner served as Corporate Senior Assistant Controller of Altair from February 2012 to January 2014
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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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