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Independent auditor BigSix has reported various anomalies in the accounts of MetaDrive Inc., a company based in the Chi Orionis system specialising in hyperdrive research.
Reviewing the company's financial records, assessors found evidence of a series of payments to undisclosed suppliers but none of the corresponding checks and balances.
"It's a big mess," said the senior auditor of BigSix. "The company is being placed in receivership. It needs a buyer, and quickly."
Femi Dakarai, the chairman of MetaDrive Inc., was not available for comment.
Following the news, shares in MetaDrive Inc. plummeted. But a short time later, Sirius Corp unexpectedly volunteered to prop up the company.
"We've been interested in collaboration for a while," said the marketing manager of Sirius Corp's hyperdrive research division, "and were in talks over licensing MetaDrive's exciting new technology. We have no desire to see them go under."
Source: Galnet News
Reviewing the company's financial records, assessors found evidence of a series of payments to undisclosed suppliers but none of the corresponding checks and balances.
"It's a big mess," said the senior auditor of BigSix. "The company is being placed in receivership. It needs a buyer, and quickly."
Femi Dakarai, the chairman of MetaDrive Inc., was not available for comment.
Following the news, shares in MetaDrive Inc. plummeted. But a short time later, Sirius Corp unexpectedly volunteered to prop up the company.
"We've been interested in collaboration for a while," said the marketing manager of Sirius Corp's hyperdrive research division, "and were in talks over licensing MetaDrive's exciting new technology. We have no desire to see them go under."
Source: Galnet News