ERBA Diagnostics (ERB) Will Begin Trading OTC Under 'ERBA'
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ERBA Diagnostics (ERB) Failed to Meet NYSE MKT Listing Compliance Deadline
September 29, 2016 4:07 PM EDTAs previously reported, ERBA Diagnostics, Inc. (NYSE: ERB) implemented during the third quarter of 2015, among other things, a new, enhanced balance sheet review process, with a particular focus on reconciliation of significant accounts, including, among others, intercompany accounts, and corresponding eliminations made, or required to be made, at the consolidated level, and their potential impact on the Companys consolidated financial statements. As previously reported, in the course of implementing such new, enhanced review process, the Company identified materially out of balance accounts evident in the elimination process and noted erroneous recording of transactions to... More
