Anaergia Inc T.ANRG

Impact

[templetooth2]

This will be interesting. We have the company's version of events and it sounds very minor....

The other side of the story will no doubt emerge from the shortseller community in short order (pun!) and it will sound like this is all smoke and mirrors, den of thieves, everybody is going to jail imminently.

Then the lawsuits start.

This could get temporarily messy. Could.

Remember that 2021 Revenue was reported as $153.6 million and loss from ops $8,146,000. So knock off $30-odd million in revenue for $124 million and boost loss to $15 million. No huge deal.  Where it gets messy is questions about the $12 underwriting not so long ago. Was that conducted using "fraudulent" financials???

[Dogsbreakfast4U]

From what I have read the accounting issue "error" was made in good faith and does not involve fraud. The CEO bought 400,000 shares at $12.50 as part of this underwriting. I doubt very much that he would have bought on the basis of "fraudulent financials". This said and as you mentioned this unfortunate matter will likely drag the stock price down in the short term until the

[Possibleidiot01]

Accountants.

[ferret_ca]

not the best  news compared those nice contracts, lol, but I kind of welcome it in a bit of a selfish way, I only managed to get up to around a 1/2 position before it started taking off again and had been waiting for a pullback to add the rest, looks like it's here, it's really tough to say how much it'll drop though, money is flowing back to the sector though so it may not be too