CNW — Phonetime Inc.

MISSISSAUGA, ON, Feb. 9 /CNW/ — Phonetime Inc. (TSX: PHD) today announced its intention to restate and re-file its previously filed consolidated financial statements due to an understatement of intangible assets and future income tax liabilities and an overstatement of goodwill in connection with its acquisition of Symphony Holdings, Inc. in 2007. The Company intends […]

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Phonetime announces a restatement of purchase price allocation on 2007 business acquisition

MISSISSAUGA, ON, Feb. 9 /CNW/ — Phonetime Inc. (TSX: PHD) today announced its intention to restate and re-file its previously filed consolidated financial statements due to an understatement of intangible assets and future income tax liabilities and an overstatement of goodwill in connection with its acquisition of Symphony Holdings, Inc. in 2007. The Company intends […]

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