Surely you’ve heard by now that BlackBerry maker, Research in Motion, has been under what started off as a voluntary internal review of it’s stock option granting practices which eventually led to a formal investigation by the Ontario Securities Commission. Well, RIM yesterday announced that has completed it’s restatement.
RIM today announced that it has completed the restatement of its previously filed U.S. GAAP financial statements relating to the internal review of its stock option granting practices and has filed the following documents with Canadian securities regulators on SEDAR to become current with its filing obligations under applicable Canadian securities laws:
To make a long story short RIM made just over $242 million less then they thought which comes to about 2 cents per share.
Read the full press release…