What's Going on At NHC Is Anyone's Guess....
NHC puts out their second interim default report press release yesterday: "......The Company continues to work with its auditor to resolve certain non-cash accounting matters and opening balance sheet valuations related to business combinations......It remains uncertain as to when the Company will be able to finalize its Financial Statements and related disclosures....."......Something smells very fishy here......Did the former auditor do such a bad job that the new one is having trouble finalizing the earnings report for release.....?....Why else would it take the new auditor so long to finish it's work...?.......The chain of events in recent months is very suspicious in my view: A blogger posts a negative assessment of NHC, NHC hires personnel (I assume at shareholders' expense) to conduct an "independent" review of the accusations, NHC publishes the results of that view, then states it is going to sue the blogger .......On October 26, 2015, NHC announces it will release it's Q3 2015 on November 11.....Then, on November 11, NHC announces this earnings release will be delayed.....Here we are almost one month later and NHC still seems to have no idea as to when the full earnings report and related financial statements will be released........It doesn't inspire much confidence.....