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(Octavius Outpost) Three months after accounting irregularities were uncovered, Annilitech has announced that is is ceasing all operations effective immediately. In addition, an arrest warrant has been issued for former CFO Markos Theran.
Additional details will be provided as available.
(Solrain Core) TRI Corporation has released the following statement, responding to a complaint about statements made by Carlo Adiar, its Asst. Director of Conflux Studies:
Although we will not refute the basic premise raised by Mr. Adiar — that there may very well be a cause/effect relationship between current surge in sentient Conflux activity and the extensive Conflux-hunt operation held two weeks ago — we believe that the way in which his message was delivered was not ideal. For that we will apologize.
But we will very clearly point out that Mr. Adiar neither stated nor intended any disrespect to pilot samwise, in whose honor the conflux-hunt was held. Any contention otherwise is without substance or merit.
(Halicon, Soria) Sorian Bancorp, a major debt-holder for Annihilitech, Inc., has called for an an independent review into accounting irregularities at the multifactional manufacturer.
Annihilitech announced that new information had emerged which required investigation into accounting irregularities, and said it was unable to publish its financial results as a result. In the same statement, the corporation also announced that its Chief Financial Officer, Markos Theran would be leaving the company with immediate effect.
Annihilitech said in a statement that it would release its audited 118 consolidated financial statements when it is in a position to do so.
(Quantar Corridor) Today Cromforge Enterprises (TRISE:CROM) today named Reshan Lexis as its new President, and she hit the ground running revealing her plans to begin restructuring manufacturing operations. As a part of that process, this morning Cromforge is discontinuing all weapons manufacturing on Corridor station. Continue reading
(Outpost Station) A lone gunman killed at least 12 and injured dozens more today at the Octave Propulsion capacitor factory on Outpost Station. Although the alleged attacker has not been officially identified, sources indicate that he was one of those impacted by the massive layoff announced by OPL on 117.12.15.
The manufacturing facility has been shut down pending completion of an investigation.
(Quantar Corridor) Cromforge Enterprises (TRISE:CROM) announced today that is is planning to scrap thousands of units of it massive equipment inventory on all Quantar Stations. “When inventory does not move, it not only has to be stored — it also has to be maintained,” said Cromforge spokesperson Cila Rotup’uh. “It is a huge expense, and one we can no longer sustain. The fact is that we have sold exactly ten Harvesters in the last six months. We have an inventory of more than 1,700. And that’s just a single example.”
The inventory reduction is not expected to have any immediate impact on pilots. It will be reported as a one-time expense in Cromforge’s Quarterly Results, which were already expected to be poor, resulting in a net-profit decline in each of the last six quarters.
(Quantar Core) Cromforge Enterprises (TRISE:CROM) announced today that its President, Quelo Zu’nan, died early this morning. Zu’nan had led Cromforge for over 12 years, but had come under fire recently as the Quantar corporate giant’s results continued to falter.
No specifics surrounding Zu’nan’s death have been announced. He leaves behind a wife and one son.