Changing Auditors ia a BAD SIGN for a company with a an extremel;y poor performance history.
It can only mean that the existing Auditors are likely to declare it as "not a going concern" or heavily qualify the accounts as the company cannot in all probability meet solvency obligations without raising further capital, and lots of it. Hence the shopping for a more friendly auditor.
We saw this with the last Reserves Reporting!!!!
