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Midas Edge

CPI AEROSTRUCTURES INC CVU (last ticker on record)

CIK 889348Its SEC filings (opens in a new tab)

  • 95% wipeout
  • Delisting notice (not a red flag)
  • Restatement
  • SEC/DOJ scrutiny

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
3
Newest began Jun 2024
Largest fall in its shares
97%
Oct 1997 to Sep 2022
Law firms
4
Linked to 5 or more companies
Lawyers
4
Linked to 5 or more companies

What happened

  1. SEC administrative proceedingSEC order (opens in a new tab)
  2. SEC enforcement releaseSEC release (opens in a new tab)
  3. An SEC release names it, an officer or its stockSEC release (opens in a new tab)
  4. Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
  5. Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
  6. Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
  7. Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
  8. Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
  9. Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
  10. Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
  11. A filing mentions an SEC subpoenaForm 8-K (opens in a new tab)
  12. A filing mentions an SEC subpoenaForm 10-Q/A (opens in a new tab)
  13. Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
  14. Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
  15. Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
  16. Shares down 95% from their high

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.

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.