RE: Has Shaeffer commented?
POSEIDON CONCEPTS PSN-TSX; POOSF-PINK
Worse than my wildest dreams. The only intrigue is how/if this ends as a legal matter. PSN announced today that $100 million in receivables out of $146 million should never have been recognized as revenue. Only 96 tanks in the field now.
I could say more but I would probably get sued for libel. Sad sad sad. Webmaster DJ, please pass me that bottle of Scotch.
Two of the many lessons here? There is never one cockroach, and your first loss is usually your best loss.