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Re: Tiresias post# 134533

Saturday, 11/07/2020 11:38:12 AM

Saturday, November 07, 2020 11:38:12 AM

Post# of 156715
I don't think that anyone here is using fraud as it is defined in the dictionary. Investors are being misled but not defrauded. There are a lot of reasons why this company won't succeed, but it doesn't seem like the any of the investors are capable of understanding them.

This is ostensibly a technology company, but I haven't seen anyone discussing any technical details around its products. That's strange. When you look at discussions of companies like AMD and Nvidia, you'll see people arguing about technical details of their chips. Nobody discussing this company understands accounting either. I asked a simple rev rec question and was assured by multiple people that my question could be answered easily (although they couldn't provide that answer).

This tells me that the people investing in this company don't really have the expertise (This isn't an insult. Not everyone is fascinated with computers or works in accounting) to determine whether they are being misled. So no, I don't think anything illegal is happening here (except maybe some regulation FD stuff), but people are certainly being deceived by the facade created here.