Citron Research Tweets "$FRHC. . Qualifying the head of the audit committee is always a good first step in identifying corporate fraud. Freedom Holdings is over two months late on 10k and facing delisting? Who is head of the audit committee?..."
Portfolio Pulse from Happy Mohamed
Citron Research has raised concerns about Freedom Holdings (FRHC) over its delayed 10k filing and potential delisting. The head of the audit committee, Amber Williams, is under scrutiny for her lack of resignation despite the previous auditors being sanctioned and suspended from the PCAOB.
August 04, 2023 | 1:35 pm
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NEGATIVE IMPACT
Freedom Holdings' delayed 10k filing and potential delisting, along with the scrutiny of its audit committee head, could negatively impact its stock price in the short term.
The delayed 10k filing and potential delisting are serious regulatory issues that could negatively impact investor confidence in Freedom Holdings. Additionally, the scrutiny of the audit committee head, who has not resigned despite the previous auditors being sanctioned, could further erode trust in the company's corporate governance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100