Citron Research "Freedom Holdings' Potential Acquisition Of Brokerage Firm In Maxim Is Perplexing, Considering Their Failure To File A 10K, Repeated Missed Extension Deadlines, The Departure Of Their Auditor, And Sanctions And Suspensions By PCAOB.." - Tweet
Portfolio Pulse from Happy Mohamed
Citron Research has raised concerns about Freedom Holdings' potential acquisition of a US brokerage firm in Maxim, citing the company's failure to file a 10k, missed extension deadlines, departure of their auditor, and sanctions and suspensions by the PCAOB. Citron also questioned the lack of regulatory intervention from the SEC, NASDAQ, and DOJ, and called for increased accountability and scrutiny of companies like Freedom Holdings.
June 30, 2023 | 2:24 pm
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Freedom Holdings' potential acquisition of Maxim is under scrutiny due to their failure to file a 10k, missed extension deadlines, auditor departure, and PCAOB sanctions. This could negatively impact investor confidence and the company's stock price.
The news highlights several regulatory and compliance issues with Freedom Holdings, which could lead to a loss of investor confidence and a potential drop in the company's stock price. The potential acquisition of Maxim is also under question, which could further impact the company's financial position and stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100