Remark Media Inc (MARK)

[mackwheaton]

These guys do take casual indifference to compliance to a new level. Adding an audit committee member should be one of the easiest compliance issues to resolve; the stockholders' equity will possibly be addressed with a restatement of the value of the 10.4% ownership of Sharecare. Not saying any of these things will happen, (might we see an IPO announcement for Sharecare before this need to be addressed?), but I can't believe there is a complete lack of a plan on their part as they move forward with their web properties.

The CEO is just 36 or 37 years old, but has racked up an impressive résumé (google Kai-Shing Tao). It's why I use the term indifference instead of incompetence. Whatever the plan these compliance issues will not likely play any part in the outcomes for the company. Frustrating for sure but probably not material in the longer term.