BIGG Digital Assets Inc. (OTCMKTS:BBKCF) fell 7% last week after the owner of Netcoins and Blockchain Intelligence Group announced Manning Elliott LLP’s resignation as the company’s auditor as of September 7, 2021. Currently, BIGG is looking for a successor auditor. Notably, there are no issues or disagreements regarding the auditor change.
CEO Mark Binns said that Manning Elliot, who has been the company’s auditor for the past four years, has decided to terminate its audit services to companies in the crypto sector. Binns said that they had engaged other firms in search of a successor as soon as possible. He added that considering its revenues, robust balance sheet, and significant interest of institutional and retail investors, they believe a big audit company will be ideal.
The company announced that it would participate in a series of investor events this month. They include the H.C Wainwright 23 Annual Global Investment Conference, Singular Research’s Compelling Values Webinar on September 16, OTC Markets Group Financial Services Virtual Investor Conference on September 21, and Adelaide Capital Markets Investor Webinar on September 22. BBKCF is worth watching.
Market Reaction:
On Friday, BBKCF stock fell 2.20% at $0.8871 with more than 837K shares, compared to its average volume of 1.44 million shares. The stock has moved within a range of $0.8651 – 0.9100 after opening the trade at $0.9045.
