RE:RE:SEC Sub-pena
KarlGibbons wrote: I guess no one read the financial statement notes under "Contingencies" where there is mention of the SEC probe in April. There will now be more legal fees! The $1 million they spent in Q2 was very large and indicates this DOJ CID inquiry is probably a big deal. Investors were likely very spooked by that and the SEC probe. I don't think folks liked the changing organic growth definition (Year over Year vs sequential) and the FCF definition, which excludes taxes, working capital investments and the full transfer from inventory figures...
The buyback doesn't do much here as most of the volume is on the Nasdaq and they are only doing an NCIB in Canada with limited buying capacity. Given the tight liquidity situation and the potential large settlement brewing with the DOJ, one wonders if their lenders are going to strong arm them into a forced equity raise soon.
Wow, how much time did you waste trying to come up with those nonsensical assumptions?
ignored! Buh-bye!