Rocket Companies Inc (RKT)

[Wise Man]

ROCKET COMPANIES: NEW EPISODE OF AMERICAN GREED
A fraudulent organizational structure:
-The CEO and his company RHI don't care about RKT, only about RKT Holdings LLC that holds all the businesses and where can't be diluted.
-Usage of RKT as stock printing press for Stock Compensation, buyouts, etc.
The company consolidates 100% of RKT Holdings even though it has only a 5% stake, since it has a control agreement and later, it allocates 95% of the Net Income to the non-controlling interest, called Minority Interest, which defies common sense calling Minority Interest to those that control 95% of the company.
This sham with RKT's attempt to impersonate RKT Holdings LLC, is confirmed when RKT reports ADJUSTED data (non-GAAP standard), stripping out the fair-value loss in MSRs and Stock Compensation expenses, to report 70%+ ebitda margin.
Stock printing press. The CEO shielded from dilution. Adjusted data.
SMART. Until you are caught. BUSTED!