Thursday, October 26, 2017 10:07:52 AM
Maurice Mandingo analysts comments on the company quote.
"This will more than likely be my last update on FB, as I do expect news to be released around the SEC complaint and our other legal issues in New Jersey and our plan soon. I want to thank our legal team for doing an outstanding job under trying circumstances. I also would like to address the continuing issue of certain people on social media commenting on our lack of information issues. Our team has been working diligently since I took over in Mid May of last year. We all have been working without pay because we are committed to a plan that I and the team believe will restore and reward our shareholders. This situation is extremely complex. Information released in advance of the plan being completed would jeopardize the outcome of the work over the last 11 months. As I have always said, it will become clear when we begin announcements via our filings and press releases. Until then, rest assured that we are working on this every day."
FB post by CEO Bill Delgado
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