Because no shareholders, other than management and board, went...

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    Because no shareholders, other than management and board, went to this AGM, failing to pass one of the simplest of resolutions has slipped under the radar.

    RSM ceased to act for the company on July 23. "Ceased'? Could have been 'fired'...Could have been 'withdrew with serious misgivings' about putting their signature on the accounts... 'Ceased' doesn't tell you much about whats going on at IQ3, and the board sure as hell wont publicly state anything.

    But having 57% of your stock vote against a resolution to accept interim auditor, BDO, as you permanent replacement when the stock is majority held by the founders of the company tells you a hell of a lot.

    Something stinks here, and it looks like the board is at loggerheads over the matter and one (or more) shareholder/manager/founders are digging their toes in. Jimena Hurtado walked off the board at the same time... its starting to look ominous over at related party central.


 
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