I don’t think the company is an outright fraud but Rick Pearson got it right saying the 10K had to be perfect.It’s obviously not.
My apologies to Rick, Ratobranco and all whom I felt critical.
I hope I have learnt to be more open and considered to all sides of the discussion and all possibilities from this.
Unfortunately the stock will be overly severely punished even if the problems prove to be relatively minor rather than outright fraud.
I seems unlikely to me that the company ’fooled’ DTT for so long, having no actual viable business, so the question becomes how much of a business is there? That will determine where the stock price ends up after the probable crazy volatility on restating/recommencing.
The binary news (CFO DTT gone) is out, thus short play is at it’s probable end point.
Stock will fall on open, but surely shorts will cover this time, stock should rise on that, maybe appreciably, especially if the problems are not major v’s intentional fraud.
I'm not giving up on it yet FWIW.
