Click the Smoke Thank you, JoeProBono
He's cute and tiny
But they grow up so fast
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Posted on 02/08/2012 5:02:28 PM PST by dynachrome
The Audit Committee has concluded that a "continuity" payment made to growers in August 2010 of approximately $20 million and a "momentum" payment made to growers in September 2011 of approximately $60 million were not accounted for in the correct periods, and the Audit Committee identified material weaknesses in the Company's internal control over financial reporting.
As a result, the Company will restate its fiscal years 2010 and 2011 financial statements," said Robert Zollars, Diamond Foods' Chairman
(Excerpt) Read more at phx.corporate-ir.net ...
That’s just nuts.
nyuk, nyuk.
Food used to be the safest place to be, now it is in danger. No profit margin, and consumers are buying less and less food from domestic sources.
Get ready. There will be a decline in prices, followed by a run up as domestic suppliers either go out of business or radically inflate prices.
First it’s Meeshell showing up during my Wheel of Fortune Show, and now, my NUTS!
I can’t take it anymore!
Even for Diamond foods, $80 million or so is nothing to sneeze at!
“Wonder if they support obozo?”
If they do/did, I bet they regret it now that the FDA wants to them to stop printing on their packaging the fact that walnuts are good for you—or Codex Alimentarius (sp?) will categorize walnuts as needing a doc’s prescription for purchase.
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