Division
  • Donovan & Watkins
  • Professional Division
|
By
Feb 7, 2020

BGSF Spearheads Restart For Account With Equity Transactions

Business Scenario:  Our client was a regional utility company. Our team assisted with the form's reinstatement.  

Phase 1)

Our team of consultants had to go back over a four-year period. Forms 10Q & 10K had to be restarted to account for equity transactions that had not been properly recorded. Our consultants restated the filings and worked directly with the SEC attorney and auditors to obtain proper sign-off and re-file all statements.   

Phase 2)

As a result of the restatements, several footnotes had to be restated and reissued. Our team corrected the footnotes to meet all SEC requirements set forth by the SEC attorney and Auditors.  

Clients Return on Investment: Our team of consultants assisted our client with stabilizing investor worries, which allowed our client to refocus on go-forward actions.