BHS (BH Securities a.s.)
Czech markets  |  December 18, 2012 16:06:29

KIT digital - with the title already trading on the NASDAQ does not start

KIT digital (KITD) announced in a statement that terminates collaboration with Grant Thornton, as independent auditor. The company is in the process of finding a new auditor, to be announced in the near future.

Another important information is the announcement that the shares of the company with effect from Friday, 21.12 leave the market NASDAQ.As already suspended trading last week, the company does not expect to have begun on the NASDAQ with the title until Friday trading. Retirement is among others due to reluctance of firms to pay some fees associated with it, he also assumes that anyway to disable the title was due to failure to comply with certain conditions. At that mentions this failure to the General Meeting or mandatory regulatory reports.

KIT digital intends title subsequently placed on the market (OTC Pink Sheets OTC / Pink OTC Marketplace). It will depend on the approval of the regulator of the financial sector (FINRA) and the willingness of at least one author of this market share is listed KITD.

The company said it is still under revision / redesign financial statements since 2009, the completion of which is subject to independent audit.

In response to the report title on the PSE, respectively. RMS and headed further south to new historical lows below the level of CZK 10.  

J. Ramakrishnan

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KIT digital - s titulem se již obchodování na NASDAQ nerozeběhne

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