Whats especially sickening about this is I bet NEW were well aware of the situation for the last 3 qtrs.
CFO and CTO’s don’t have to sign off on quarterly reports – now is their end of year report, that due to Sarbanes Oxley has to be signed off by the CFO and CEO under penalty of law.
They hid their situation from the shareholders for 3 qtrs and only let it slip when they could face criminal charges for hiding it longer.
