fonu2 inc (FONU:OTCQB)
fonu2 inc (FONU) Key Developments
On 05/16/2013, FONU2 Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
FONU2 Inc. announced that on February 27, 2013, Jeffrey Pollitt resigned as the President and Chief Executive Officer and as a director of the company. Robert B. Lees, the company’s Chief Financial Officer, will serve as the company’s interim President and Chief Executive Officer and Nicole Leigh will assume the duties of company Secretary. In addition, both Mr. Lees and Ms. Leigh will continue to serve on the company’s Board of Directors. Mr. Lees served as an Officer in the Marine Corps, both overseas and domestically. After transferring to the active Reserves, he joined the DuPont company, where he managed the Southeastern Region.
FONU2 Inc. filed its 10-KT on Jan 17, 2013 for the period ending Sep 30, 2012. In this report its auditor, Malone & Bailey, PLLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
On 12/31/2012, FONU2 Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
Effective as of October 8, 2012, the board of directors of FONU2 Inc. resolved to dismiss Mantyla Mcreynolds LLC as the company's independent accountant. With the exception of a going concern qualification, the reports of Mantyla McReynolds LLC on the financial statements of the company for the fiscal years ended September 30, 2011 and 2010 contained no adverse opinion or any disclaimer of opinion, and such reports were not qualified or modified as to uncertainty, audit scope, or accounting principles. Effective as of October 8, 2012, the company engaged MaloneBailey, LLP to audit its financial statements for the fiscal year ended September 30, 2012.
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| FONU:US | $0.02 USD | +0.0005 | |
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Industry Analysis
FONU
Industry Average
| Valuation | FONU | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 6.2x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 5.0x |
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