NEW YORK ( TheStreet) -- The plot just thickened when it comes to the prospects for China North East Petroleum (NEP), whose shares were delisted from the American Stock Exchange in May after revelations that the company had misstated financial and oil-reserve data going back two years, and that its CEO may have embezzled company funds.In a filing with the Securities and Exchange Commission Thursday, the company announced that one of its directors, Robert Bruce, resigned on Aug. 8.
More Turmoil for China North East
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