BusinessCompany NewsImax still can’t ‘see’ accounts picture

Imax still can’t ‘see’ accounts picture

Giant-screen movie theatre maker delays results

Imax, the Toronto-based giant-screen movie
theater maker says it cannot predict when it will complete its accounting review
and file its financial statements.

The company could only say it would do so as soon as practicable.

It is facing delisting from the Nasdaq stock
exchange
, but warned in March that it would delay filing its annual report
because it was evaluating accounting errors that took place between 2001 and
2006.

Earlier this month, Imax said it had broadened its accounting review based on
comments from the SEC and the Ontario
Securities Commission
.

Further reading:

IMAX sued over financial statements

IMAX finance chief ‘out of the picture’

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