RE:Litigationmjh9413 wrote: Comes with US territory but possibly RHT on shaky ground as said in early part of year they were 'profitable' in December and then clearly knew there was a receivables problem in March qtr but no news until a few days ago.
Sure an innovative company can stumble but a CFO should know their job and have seen this months ago, and the Board must have been advised of problem and so pushed the Senior Officers to deal with it and tell shareholders what was happening. All with benefit of hindsight as a shareholder now but at least one head should roll and all share payments/options during the period December to now withdrawn for all senior staff and, if re-issued, should be at much higher price equivalents..
Except, they did previously mention collection delay problems. Remember that they only claimed two months of revenue, so that they could put a delay on revenues?