ACHI won’t be meeting its unofficial deadline of middle December to get the restated financials. Although the company now has a Dec 30th deadline and a conference call scheduled to discuss the restated financials. In investing you know that companies will struggle to meet deadlines. The question is about whether the company is making progress and if the value still exists. ACHI’s management is doing all the right things for the company’s future. The delay in the restatement is not a big issue. Now we have a specific deadline and a conference call. I would expect the conference call to be a guide as to where the management is planning to take the company in the future.
2 responses to “ACHI: Getting closer”
Ouch!!!
That right, a rough day for ACHI. I think most people were playing the restatement and they are selling out because of the cash usage.