Subaye, Inc (SBAY)

[matt1234]

TIME TO PANIC!!! Guys... be realistic. SBAY is about to experience apocalypse. They are non-compliant on their financial reports. Their CFO refuses to cooperate with the Audit Board and has been barred from the industry. He resigns from the company. They launch a new investor relations website the next day (standard move when all hell is about to break loose). No public comment. This has SEC investigation written all over it. Probably, and I speak from experience, the SEC is already performing an investigation. The lack of cooperation speaks of cooking the books. If the SEC is not already inside there is no way that it will not soon lead to an investigation. Too many red flags. The stock is going to get PUMMELED, people are going to get fired, shareholders are going to revolt, revenues are going to crash... Just the way it works. I wouldn't touch this stock unless it goes down much more. If you are going to buy wait for it to crash and then be prepared to hold for a long time while they work out all of their problems.