Qornerstone Inc. TECM (last ticker on record)
CIK 1415605Its SEC filings (opens in a new tab)
- Delisting notice (not a red flag)
- Restatement
- Went dark (not a red flag)
These figures describe clients, not conduct. A lawyer or firm can serve many companies that later had trouble for reasons that have nothing to do with their work, and nothing here says any lawyer or firm did anything wrong.
- Red flags
- 1
- Newest began Mar 2020
- Largest fall in its shares
- —
- None of 95% on record
- Law firms
- 2
- Linked to 5 or more companies
- Lawyers
- 3
- Linked to 5 or more companies
What happened
- SEC action against a company that stopped filingSEC order (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
An SEC release can name a company’s officer, or its stock as what a scheme sold or moved, so the company may be the victim. Each link goes to what to read.
Law firms
The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.
- McMillan LLPFirst linked Sep 2018 · Named in SEC correspondence · 95 linked companiesSEC/DOJ scrutiny 1.06× · Went dark 1.73× · 95% wipeout 0.92×
- SRK Law OfficesFirst linked Nov 2007 · Named in SEC correspondence · 27 linked companiesSEC/DOJ scrutiny 1.87× · Went dark 2.17× · 95% wipeout 0.92×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| McMillan LLP | Sep 2018 | Named in SEC correspondence | 95 | 1.06 | 1.73 | 0.92 |
| SRK Law Offices | Nov 2007 | Named in SEC correspondence | 27 | 1.87 | 2.17 | 0.92 |
Lawyers
The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.
- Mike ShannonFirst linked Jan 2011 · Named in SEC correspondence · 7 linked companiesSEC/DOJ scrutiny 1.00× · Went dark 2.03× · 95% wipeout 0.00×
- Steve KronengoldSRK Law OfficesFirst linked Nov 2007 · Named in SEC correspondence · 13 linked companiesSEC/DOJ scrutiny 0.84× · Went dark 3.22× · 95% wipeout 0.64×
- Michael ShannonMcMillan LLPFirst linked Oct 2018 · Text search only · 13 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 1.39× · 95% wipeout 0.28×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Mike Shannon | Jan 2011 | Named in SEC correspondence | 7 | 1.00 | 2.03 | 0.00 |
| Steve KronengoldSRK Law Offices | Nov 2007 | Named in SEC correspondence | 13 | 0.84 | 3.22 | 0.64 |
| Michael ShannonMcMillan LLP | Oct 2018 | Text search only | 13 | 0.00 | 1.39 | 0.28 |