RE:RE:RE:Auditors Fnc stated in a previous news release that the company is working "diligently" to come to a resolution to this accounting problem. That keeps the Iiroc people happy, and as far as I know, they are the only people FNC need to be worried about at this time. As long as FNC keeps up with thier weekly or biweekly company update related to this problem, I believe Iiroc remains satisfied that work is being done to rectify this problem. Phoning them probably doesn't do much.
The problem with starting a lawsuit, or class action lawsuit, is that you would probably need evidence that there is something illegal going on here , which there may or may not be, who knows? We still don't even know exactly what the accounting issue really is? Do we?
Does anyone know what the time threshold is , or if there is even one for Iiroc to say, " OK FNC, you have had X amount of weeks/ months to fix this problem, enough is enough, you must inform your shareholders what is going on here? ( I don't know the answer to this)
You said above that if FNC is using this as a delay tactic that they are playing with fire. What makes you think that? They may be getting the desired result, ( an extended delay) by having this perfectly legal ( on the surface or otherwise) accounting problem.
I think it may be difficult to find out what really is going on here unless to company freely discloses the issue or is forced to through some means. It will be interesting to see at the end of all this if they provide a legitimate answer for the account delay, you know, one that is actually real and believable and not , the lead broke in the pencil and we could not find the sharpener, and all this happened after the eraser fell off the desk and rolled to a place where we could not retirve it.