| independence? "Adelphia needs fresh, independent leadership." JJ Rigas.
While the statement is true, getting real independence from the long-time family friend and board member currently heading the audit committee is not all that likely.
Nasdaq sez: "Trading will remain halted until Adelphia Communications Inc. has fully satisfied Nasdaq's request for additional information." »www.nasdaq.com/asp/quotes_news.a···ADLAE%60
I'd guess the normally quite tolerant Naz is starting to feel a bit used here.
1- ADLAC C- Issuer qualifications exceptions
2- ADLAE E- Delinquent in required filing with the SEC
3- ADLA* Halted
4- ADLA* ?
Where do we go from here? Delist? End the halt? |
|
 cpr2kThis Won'T Hurt..Premium
join:2002-02-02
San Marcos, CA | Audit suspended.. "Adelphia also said the audit of the company by Deloitte & Touche will be suspended pending completion of an internal investigation into issues related to the filing of its annual report, which has been delayed."
Looks like D&T has dug their heels in regarding their findings. With Rigas Sr. stepping down, the son's possible responsibility in "accounting irregularities" may very well come to light.
While many of us are unhappy with our Adelphia service, the company has done much for it's community. I am sad and sorry to see the way this is unfolding. The impact on the employees and the communities that rely on the company could be enormous. If that is not enough hard news, this is also beginning to look like a family tragedy.
--
No good deed goes unpunished.. |
|
| reply to oOOOo
Re: independence? said by oOOOo:
"Adelphia needs fresh, independent leadership." JJ Rigas.
Allegedly, Captain Smith of the Titanic was heard to utter similar words as he attempted to save both his ship and himself.
--
Just because its accurate doesn't mean its true. |
|
| reply to cpr2k
Re: Audit suspended.. said by cpr2k:
"Adelphia also said the audit of the company by Deloitte & Touche will be suspended pending completion of an internal investigation into issues related to the filing of its annual report, which has been delayed."
The delivery of the new shredders has been delayed.
--
Just because its accurate doesn't mean its true.
[text was edited by author 2002-05-15 17:58:46] |
|
