'js253' pid='44787' datel Wrote:yeah, the aggressiveness of the selling in the face of clearly positive news and an already very depressed stock price is disturbing. At this point, mgmt. need to put real money on the line, either thru a large one time buyback or outright MBO to regain credibility.
Well, my working assumption is that since this is such a high profile case, Deloitte, caring about its reputation (see what happened with AA after Enron) wouldn't be willing part in any whitewash.
Which leaves these control issues (most of which are fixed but some linger) and some missing data, but these are not indicative of fraud, according to the IC.
And I think a start-up that is so fast growing and having digested a dozen or so acquisitions already, it's not that surprising that an 8 month lasting investigation finds some issues.
All very fine and rational, perhaps, but in the meantime, the stock is lingering sub $8..