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Thernos's Former Controller, Denis Yam, Was Deposed by Reed - Is K P M G Signing Off on Thernos Financial Statements?
K p m g hadn't completed or signed any audit reports after two thousand eight no one was auditing their financials, which is astounding to me. One of the sticking points was the way the company had priced stock options granted to sunny bawani. The value of thernos stock had jumped more than fivefold in a fund raising round. Instead of granting sunny his options at that new higher price, the company hadpriced them at the old lower price.