PORTLAND, Ore. – TRM Corp., operator of the nation’s second-largest fleet of ATMs and a part of the credit union-owned CO-OP Network, said last week it auditors had issued a ‘going concern’ opinion, questioning whether the financially troubled company is going to survive its current travails. The auditors, PricewaterhouseCoopers LLP, referred to the company’s $120 million loss for 2006 and the company’s inability to meet lending covenants. TRM, was has yet to file its first quarter financials, is also contesting a delisting notice from the Nasdaq. The company’s shares slumped again yesterday by 6%, to close at $1.32. TRM operates more than 15,000 ATMs, 6,000 of which are cobranded for the CO-OP.
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