Disclosure Insight Maintains Medium Risk Rating on ION Geophysical

A report from Disclosure Insight reiterates its Medium Risk – Negative Bias Rating on ION Geophysical

. The report states, “A history of material weaknesses in internal controls; a revenue-recognition driven restatement; turnover on the board and in the executive suite; related party transactions; and ongoing patent litigation support our opinion of a Medium Risk - Negative Bias rating for IO”. IO closed yesterday at $6.66.