Urban One to miss Q1 Filling Deadline

[DarrenVision]

Urban One To Miss Q1 Filing Deadline As Audit Crunch Continues - Radio Ink

The string of accounting delays that has ensnared Urban One for the past year is not over yet with another 2023 10-K update.

t.co

Urban One "is continuing to work diligently to file its Form 10-K as soon as possible and expects to be in a position to file the Form 10-K by May 31, 2024," the company says.

 

[Voicetrack of Reason]

Lousy operators. The Detroit cluster was a complete dumpster fire.

 

[secondchoice]

Larger and smaller companies can get their books in order unless there is something really wrong. If this is not fixed the SEC will have to take action (delisting until they get up to GAAP) and they become a pink sheet stock.

The CFO should have this under control. The CEO should fire the CFO if it's not fixed. The board of directors have a legal duty here. Sooner or later a shareholder(s) will sue them.

 

[Kelly A]

Larger and smaller companies can get their books in order unless there is something really wrong. If this is not fixed the SEC will have to take action (delisting until they get up to GAAP) and they become a pink sheet stock.

The CFO should have this under control. The CEO should fire the CFO if it's not fixed. The board of directors have a legal duty here. Sooner or later a shareholder(s) will sue them.

You don't know what might be going on behind the scenes, so all the bluster about firing the CFO, besides being a stupid move right before a critical filing, is just an uninformed bluster.