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Saturday, June 30, 2012 2:16:57 PM
I'm not sure what worse news a stockholder can get than the fact that the SEC has issues with several of last year's PRs, and that the company had to admit that their announcement of acquiring Instant Website Technology Inc. wasn't really an acquisition since the company "did not constitute a business". Or that they lied about the acquisition of Zipclik technologies as well, since they actually developed it internally. Those are pretty serious charges, and those announcements were used heavily to promote the stock to absurd valuations.
I think this is headed for the greys...
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