Nexoptic Technology Corp V.NXO

Uh oh. Attention Kmart shoppers. Blue light special!

[Maxmoe]

I'd speculate that a new cfo and a new auditing firm indicates they are not going broke soon. At least not until y\e results are filed. I wonder if departing auditors were paid and if new guys demanded payment upfront ?

[BarstoolSage]

We do think alike Maxmoe. MNP is a highly reputable firm, and apart from imposed client acceptance criteria that gauge acceptance risk and ability ro serve the client's best interest, they have their own criteria that looks at client quality.  Now money does not smell to them, so it could be NXO meets their criteria and they were paid a healthy engagement advance to commence work

[Damn1212]

MNP also specializes in Bankruptcy - In case anyone wants a dose of reality.  https://bankruptcy.mnpdebt.ca/corporate-bankruptcy?customer_id=759-371-1402&gad_source=1&gclid=Cj0KCQjwlN6wBhCcARIsAKZvD5iBfH7wPYD9ckcAFpkRIpVDWY4p5Skdmctaq-beUGX3E95KZv5caY4aAhZqEALw_wcB&gclsrc=aw.ds Bankruptcy If your company’s financial position has deteriorated to

[BarstoolSage]

Yes they do have an insolvency\receivership practice...but I doubt they would be able to act for "the estate" of NXO due to conflict of interest as company auditor...

[Maxmoe]

Wise old owl.