Post by
Maggs on May 06, 2024 10:20am
I have done it...
I think I may have finally cracked the code of why they keep over paying for acquisitions and losing millions.
They don't understand Math. Or what they probably call...Maff!
A simple mistake with the comma creates horrible mistakes which makes them lose millions of dollars like they just did with Gambit.
My theory is they meant to pay $500,000 for Gambit. But instead paid $5,000,000. If you look at their new investor presentation, Yes, that's right...The NEW ONE FOR 2024. You will see what I am talking about. Look at the 3 year revenue CAGR charts and the location of the commas separating their numbers. I took a screen shot of it as I usually do for keepsake memories to remind myself of my bad investments.
Can you imagine putting something like this out for investors and not even having the common sense or ability to actually proof read it before you put it out? Or what I think happens, because this has happened before, is that they are literal M*R*NS.
They never stop proving me right...With all the millions of dollars in salary to numerous Executives, a CFO and there is a literal person on Linkedln who goes by the title of "Vice President, Office of the CEO" (This is not a joke, look it up) and none of them can put together a coherent investor presentation without repeating mistakes of the most basic statements. It's not the first time they have done this either.
Simple checks and balances to the business. Can you imagine how much money they must be p*ss*ng away on other stuff? If you run a small business, you know what I am talking about.
OMFG!
Apologists incoming in 3..2..1..