RE:The good newsFD1578 wrote: They have enough product to fill the orders and the company still has cash and cash assests. The company is still strong financially. It may take some time to work out kinks but 48north still has a strong upside.
I actually agree with this, if it's true.
Hard to know what to believe from this company.
I really want to see accountability (I don't need a firing, but this management team better see this on their paychecks) AND we obviously need MORE TRANSPARENCY!!!
Companies make mistakes. They can miss targets by a bit. That’s ok. But keeping one of this
magnitude hidden is inexcusable and an enormously bad business decision on managements part. How do you attract investors if they can’t trust you to tell them when something company-affecting occurs? Stunningly terrible move on many levels.
But they can make up for it if they are super informative with what's going on.
Giving monthly news releases showing sales, cash burn, etc would help a lot, and would be the least they could do IMO, considering.