The complaint alleges that, throughout the Class Period, the defendants:
- affirmatively misrepresented that its capital resources “will be adequate to meet our liquidity needs for at least the next 12 months”;
- omitted that there was substantial doubt about the Company’s ability to continue as a going concern;
- downplayed the nature and extent of the Company’s then existing liquidity problems;
- omitted that the Company’s existing credit facilities were insufficient to satisfy its operational needs and that it was unable to obtain additional loans in the normal course of business; and
- omitted that there was a material weakness in its internal control over financial reporting;
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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