drkoop.com Files For Secondary Offering, Rehires Auditor

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Troubled online health network

drkoop.com

(KOOP)

rehired

PricewaterhouseCoopers

as its independent auditor and filed for a secondary offering of about 117.7 million shares with the

Securities and Exchange Commission

.

drkoop.com, which recently posted wider

third-quarter losses and cut more than 30% of its work force, said PricewaterhouseCoopers resigned after the company completed its private placement of $27.5 million of preferred stock and warrants in August.

Because drkoop is selling the securities for investors, the company won't receive any proceeds from the secondary offering.

Shares of drkoop.com were recently unchanged at 69 cents on the

Nasdaq

. The 52-week low is 56 cents.