$SUPER MICRO COMPUTER INC(SMCI)$
However, the company should be proactive here and disseminate more information to investors (with the advice of legal counsel). The greater clarity that SMCI can provide investors around the issues/concerns raised by E&Y the sooner the stock will stabilize. It is obvious that a lack of internal controls has allowed some unscrupulous behavior from management (in my opinion this relates to the related-party transactions) and the Board has exasperated the issue by not providing adequate oversight.
Now is the time for the Board to act. As long as the financials are good, removing unscrupulous members of management will be a good thing
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