Chuck Tanor

Internal Control Weaknesses: The company acknowledged material weaknesses in its internal controls over financial reporting, potentially compromising the accuracy of its financial statements.

Regulatory Scrutiny: The company has been subject to regulatory actions, including inquiries from the SEC regarding its disclosures and internal controls.

Financial Reporting Concerns: The company’s failure to maintain effective internal controls raises concerns about the reliability of its financial reports, potentially leading to shareholder distrust.

Stock Price Volatility: The company’s stock has experienced significant volatility, influenced by factors such as operational results and regulatory actions. This volatility poses risks for investors and may deter potential stakeholders.

Potential Dilution of Shareholder Value: The company has the authority to issue additional shares, which could dilute existing shareholders’ ownership and affect stock value. Such actions may lead to decreased earnings per share and reduced investor confidence.