10-28-2013, 07:01 AM
I dont think you can lay blame on the CEOs. Those types of questions are for the CFO to answer. The issue was that NQ was transitioning between CFOs. The old CFO was not on the call (he should have been) and the new CFO has been on the job for just a few weeks. Matt however did answer the questions, but I think some of the conference call participants were as confused as the rest of us and confusing the issue for everyone.
Also, Omar has an MBA from MIT. Hes not a CPA. MIT a good school for MBA level accounting. But, Omar's primary background is in technology, so its unrealistic for investors to expect Omar to know every accounting intricacy. To put this into perspective, I have an MBA from a comparable school to Omars and I worked on wall street and have a finance background. Even that lvl1 vs lvl2 rule was surprising and not terribly clear to me until I had a chance to spend the last 48hrs reading up on all this garbage. Thanks Carson Block for the accounting lessons. I'll be sure to bill you for my hours during the class action against MW. I hope you are reading this forum. You've pissed off the wrong investor.
Also, Omar has an MBA from MIT. Hes not a CPA. MIT a good school for MBA level accounting. But, Omar's primary background is in technology, so its unrealistic for investors to expect Omar to know every accounting intricacy. To put this into perspective, I have an MBA from a comparable school to Omars and I worked on wall street and have a finance background. Even that lvl1 vs lvl2 rule was surprising and not terribly clear to me until I had a chance to spend the last 48hrs reading up on all this garbage. Thanks Carson Block for the accounting lessons. I'll be sure to bill you for my hours during the class action against MW. I hope you are reading this forum. You've pissed off the wrong investor.