Wednesday, January 07, 2015 4:59:25 PM
What did CEO Brad say about the SEC Investigation ending in Q1 2014? then Q2 2014? Q3? Oh....No comment. His credibility is impeccable (sarcasm).
I don't trust any number this company has reported.
BB.com revenues have dropped -21% since the SEC Investigation and CEO Brad has directly paid the DeLuca Brothers over $7m in direct compensation for that failing performance.
The numbers are being made up (ie. $7m intangible asset valuation of BZNE brand and Customer Relationships that you are including in your performance metric) and negatively revised on a regular basis. What are they going to report when $20 million of supposed revenues are foreign market and subject to a likely -20% currency conversion rate? That is approximately a $4m hit. What will they report? Who knows. More Blue Sky Valuations? It doesn't matter. The SEC is not going away any time soon and it will all come out when it does.
Go ask Syd why he resigned.....
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