SEC correspondence from 9/4/18
New auditor has a history of performance deficiencies. Few employees, and few clients
” Certain deficiencies identified were of such significance that it appeared to the inspection team that the Firm, at the time it issued its audit report, had not obtained sufficient appropriate audit evidence to support its opinion that the financial statements were presented fairly, in all material respects, in conformity with the applicable financial reporting framework. In other words, in these audits, the auditor issued an opinion without satisfying its fundamental obligation to obtain reasonable assurance about whether the financial statements were free of material misstatement”.
Ultra low float, and 2/3rd’s of the the outstanding shares are owned by 2 entities
Only 4 filings this year
Website doesn’t work
**Disclaimer**This is all our opinion and we are not financial advisers. We have no direct evidence that proves FFHL (company ticker) is presenting fake financials, we just suspect that this is the case