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.
December 30, 1999 |
Santa Barbara-based Ants Software.com, a 20-year-old software developer with no revenue, sold stock valued at $4.8 million over the last two months even as it warned investors it may go out of business. Ants did so by selling about 500,000 shares of restricted stock at an average price of $9.60 each, or about half the market price of the company's stock on the day of each sale.