Fifty 1 Labs Inc (FITY)

[watchdog11]

Big Guy, here's the problem. The company is using best-case Pro Forma projections as a guidance to set the price of their stock. I once sat across the table from a VP from AIG Insurance and showed him my Pro Forma. He looked at it and said “my streak is in still alive”. I asked what he meant. He replied “I have yet to ever see a Pro Forma I didn’t like.” The inference was obvious; Pro Forma’s mean little or nothing and should have little or no value in the establishment of the price of a stock. NAUG must abandon this practice to gain credibility, but like a bad drug, they’re hooked on them.

Sir Dog