it's a slow news day, here's the real reason why Squar,
Milner, Reehel & Williamson LLP,
accounting firm, jumped ship, as revealed by a March 16th SEC filing.
MATERIAL WEAKNESS - LACK OF SUFFICIENT ACCOUNTING DEPARTMENT PERSONNEL
We noted that the Company began losing most of its personnel beginning
in June 2004 through layoffs and resignations. Well before September
30, 2004, substantially all accounting department personnel, except for
the controller, had departed the Company. Additionally, most other
Company personnel that the Company's accounting department interacts
with to provide information necessary to produce timely and accurate
financial statements had also departed the Company well before
September 30, 2004. While we were able to overcome this internal
control deficiency in order to complete our interim review, we believe
that this internal control deficiency rises to the level of a material
weakness in the financial reporting process for the Company.
So basically, they left because everyone else was
already gone and it seemed like the cool thing to do. You can
read the whole filing here.