11Mo·

$SMCI (-2,08 %) So what I understood: The SEC had sent a letter setting the deadline for the 10-K filing as Nov. 16. $SMCI is now seeking to extend the deadline by 180 days from the actual 10-K date of Aug 2024 to Feb 2025 due to extraordinary events. Termination from EY. Remains exciting 😃

4 Commentaires

Staatsmann@Staatsmann

11Mo

Simply Wirecard 2.0 for me. $WDI

Auditors don't give a mandate for no reason and delays are usually not a good sign either

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KevinE@KevinE

11Mo

@Staatsmann You also have to look at the risk/reward ratio. For me, that is absolutely not the case.

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Staatsmann@Staatsmann

11Mo

@KevinE Correct, that's why I'm staying away. At the beginning I thought I was making a management mistake and wanted to get in with a long. Now I'm just keeping my distance and watching it from the sidelines.

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Investomesto@Investomesto

11Mo

@Staatsmann You said it yourself Wirecard 2.0, so it makes perfect sense for EY to distance itself from the company in order to minimize the risk of reputational damage. Whether this says a lot about Super Micro or whether it's just an act of unhealthiness on the part of EY, everyone should judge for themselves. I rather believe that EY simply does not want to take any risks.

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