Advance United Holdings Inc (OTCMKTS:AUHIF) Stock On Watchlist After Resignation of CFO
On May 3 Advance United Holdings Inc (OTCMKTS:AUHIF) announced that David Beck had stepped resigned from his position as the company’s Chief Financial Officer. In the press release yesterday, the company’s management and the board of directors thanked Beck for his contributions towards the growth of the company and wished him well for the future.
Trading Data
On Wednesday, AUHIF stock ended flat at $0.0150 with more than 200 shares, compared to volume of 2.65K shares. The stock moved within a range of $0.0150 – 0.0150 after opening trade at $0.0150.
Advance United Holdings Announces Resignation of CFO
It was also announced that the board of directors and the management had already started the process of discovering a replacement for Beck. In the meantime, the Chief Executive Officer of Advance United Holdings Jim Atkinson would serve as the Chief Financial Officer on an interim basis until a replacement is appointed.
Advance United Holdings is a company that has gone for a completely different approach in the mining industry. Instead of actually mining, the company acquired a number of undervalued gold properties for the purpose of boosting the valuations of the properties. At this point, the company also boasts of a growing pipeline of properties that it is looking to acquire.
Advance United Holdings also launched the digital marketplace named Au Marketplace that connects developers and producer with mineral deposits and commodities. The company is solely involved in the advancement and acquisition of past projects.
