New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 10, 2013
11:38 EDTFUFAB Universal authorizes third party investigation to verify internal review
FAB Universal announced the findings of the preliminary internal review undertaken at the direction of FABís board in response to the allegations made in numerous published reports through November 19 by acknowledged short-sellers of FABís common stock. The board is aware that they have created doubt about FAB Universal and its business operations and financial reporting. The management team has been working diligently to complete the preliminary internal review undertaken at the Boardís request. As a result of the findings of this review, the Board has uncovered certain deficiencies in the companyís internal controls, and is taking the necessary steps to tighten FAB Universalís internal controls. In recognition of the fact that the board is relying on its own analysis of the allegations and to reassure the companyís shareholders of the integrity of its analysis, the board has authorized the hiring of an independent third party to verify these findings.
News For FU From The Last 14 Days
Check below for free stories on FU the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for FU

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use