On August 16, 2016, aftermarket, Fenix said it would be delaying its Form 10-Q filing for the second quarter of 2016 with the SEC and attributed the delay on the its recent change in auditors. Following this news, Fenix stock dropped $0.25 per share, or 5% to close at $4.48 on August 17, 2016.
On October 13, 2016, Fenix filed a Form 8-K, stating that because of its failure to file its Form 10-Q for the second quarter of 2016, the NASDAQ has issued it a notice of delisting the Company. Fenix also revealed that it has received a subpoena from the SEC requesting documents related to the Company's recent change of auditors, its previously announced business combinations and related goodwill impairment charge, effectiveness of internal controls over financial reporting, and internal valuation methodology. Following this news Fenix stock dropped, closing at $3.42 per share on October 13, 2016.
If you are aware of any facts relating to this investigation, or if you purchased shares of Fenix, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/fenx or by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
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