RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Theory Lettuce... It is nothing but tabloid reporting.... For the few that Herb Greenberg actually exposed , there were many many more that he f'd up. He has a mandate and a business model to make a profit
by exposing companies in his weekly publications, and if there are none to expose , then let's just pick on a company that operates in a sector that has some bad apples in it. PSR has exposed nothing with CXR , but his subscribers want to short something so let's just pick on a company in an exposed sector and make up rumours.. They should be sued for saying that CXR's auditors were still reviewing the numbers 3 days after they signed of on them , as that was a lie and PSR knew it.
Lattice wrote: puma, You have not seen their report so stop commenting on it. As far as
understanding what a signed Audit opinion implies, I guess that PwC restatements in regards to Valeant's irregular accounting means nothing to you? Really? Because I am fairly confident that PwC's restatements meant a lot to Valeant investors since the share price tanked by 52% on the day management announced to the market that little tidbit.
puma1 wrote:
PSR is a tabloid based paper that produces and associates with rumour and undocumented comments.
it gets paid to write in a particular style that produces a highly correlated stock price outcome for the pin up girl stock they choose that week.
they issued a carefully crafted report that suggested that AFTER the CPA's had issued an opinion that they were still reviewing the numbers. so, PSR b.s's a lot or they are just really stupid and do not understand what a signed Audit opinion implies. i
if i were PSR, would not want to choose between either of those options - worse than a rock and a hard place -