POL - Polished.com says internal probe focused on employment inventory management practices

• Polished.com ( NYSE: POL ) said Wednesday the ongoing internal investigation carried out by its audit committee is focused on employment and inventory management practices from 2021 to the present.
• The committee plans to complete the investigation by the end of this year.
• As of Sept. 30, Polished ( POL ) had a cash position of ~$26.5M and has not used its $40M revolving credit facility.
• The investigation was initiated after certain allegations were made by former employees related to Polished's ( POL ) business operations.
• In addition to the delayed filing of its Q2 report with the SEC as a result of the internal probe, the company expects a delay in finalizing financial statements for Q3.

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