Piper left the company after it fired founder and CEO John Hewitt, even though he was offered a retention bonus. Piper joined Liberty in August 2004. During the interim, he was a consultant to web service application provided CDYNE from October through December and since January had served as its CFO

Meanwhile, Liberty said it is appealing a proposed delisting by NASDAQ. 

Liberty received two delisting notices. One was because resignations had left it without any independent directors on the audit committee. The company has since restocked the committee.

However, its failure to file two financial reports on time remains a problem. Liberty has not yet filed forms with the SEC for the second quarter ended October 31 and the third quarter ended January 31. It also will soon face the need to file its form 10-K for the year ended April 30.

Nasdaq granted liberty an extension for compliance until June 11. The appeal will gives it another 15 days.

Liberty’s filing problems stemmed from the December resignation of KPMG as its auditor. The company hired Carr, Riggs & Ingram on April 18 to replace the Big Four firm, but Carr, Riggs resigned the position on June 5 without completing work on financial statements.