December 31, 1999 |
Ants Software.com stock fell 34% after the 20-year-old software developer said that it sold stock valued at $4.8 million over the last two months at below-market prices. Ants fell $7.13 to close at $14 in trading volume 24 times the daily average for the stock. The shares, which fell as low as $5.50 in early trading, were as high as $55.63 last week. On Wednesday, Bloomberg News reported that Santa Barbara-based Ants sold about 500,000 shares of restricted stock at an average price of $9.
January 6, 2000 |
Donald Hutton, chairman of Ants Software.com, resigned after the company asked the Securities and Exchange Commission to withdraw a securities registration that prompted the software company's outside auditor to resign. The auditor, Jaak Olesk, quit Monday after learning that Hutton incorrectly identified himself as a certified public accountant in a filing that sought permission to issue shares. On Wednesday, the company issued a news release saying Hutton is not a CPA.
January 4, 2000 |
The auditor for Ants Software.com, Jaak Olesk, said he resigned because he was unaware of a statement contained in a filing with the Securities and Exchange Commission. Santa Barbara-based Ants Software, in a registration filed with the SEC on Monday, submitted Chairman Donald Hutton's signature as the certified public accountant auditing the company's financial statements.
December 14, 2000 |
Ants Software.com Inc.'s shares fell 32% after Frederick Pettit, 64, resigned as chief executive, two weeks after the software developer warned "present cash resources will sustain operations" only through January. Shares of the Burlingame, Calif.-based company, which says it has found a way to speed up data processing, fell 94 cents to $2 in Nasdaq trading. On Nov. 28, Ants said it was abandoning its new corporate headquarters as losses for its fiscal second quarter ended Oct.
May 10, 2000 |
Ants Software.com Inc. said Nasdaq rejected the software developer's listing application, citing its financial condition, an ongoing federal investigation and the resignation of its auditor. The Burlingame, Calif.-based company said it had "cured all of the conditions about which Nasdaq expressed concern" and would file a new application to have its shares, which trade over the counter, listed on Nasdaq. Ants fell $1.81 to close at $7.94 on the Bulletin Board.