Energy
Harvest Shares Collapse on Filing Delay, Likely “Going Concern” Opinion
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In its filing Harvest provided a laundry list of problems related to its financial reporting:
Harvest also said it expects to post a net loss of $9.6 million ($0.26 per share) for the 2012 fiscal year. Worst of all, the company’s auditors have said that the audit report “will include a going concern qualification.”
Shares are 34% at $3.61 in a previous range of $4.93 to $10.83.
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