China Sky One Medical went public to reassure investors that the company’s failure to file its most recent financial reports is only a technical issue, and does not imply any fundamental problems with the company. On March 31, 2009, China Sky One asked the SEC for an extension on the deadline to file its Q4 and full-year 2008 financials. Today, the company revealed the problem is a non-cash accounting issue. More details...

Stock Symbol: (NSDQ: CSKI)