Cleaning up the books?

Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

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shboomer

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Cleaning up the books?

posted on Jan 18, 2012 01:28AM

There's a lot of indications in the 10Q relating to write-downs, write-offs, accruals etc.

I get the sense that there's a move to true (literally?) up the books - never a bad move.

Why do it now? Fear of audit? Prospect of major investors or acquisition? New Year's Resolution?

Time will tell, but my gut-feel is that it's the right thing to do.

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