This stock has a history of accounting irregularities, and SEC investigations.
The comments made by their employees are scathing!
A few disgruntled employes in every company? OK
However, the majority?
I read the financial report several times. I usually do: but I usually understand a majority of what is being said. This one I read and read and outlined. The only thing I could figure out was that,"we were maybe? not supposed to understand all of it.
And OK, maybe I am being picky, but why would a company where 70% of the stock is owned by management feel the need to give themselves: a $4.70 special dividend?#!!! Could it be because they are looting the company before Cbay who is the majority stock holder takes it over?
Now, this ipo that everyone is so excited about is really a secondary offering, as Cbay already trades in London. What benefit will this be to the stock holders who own this stock before the "IPO"; unless they like having their share value diluted?
I hopped on for the dividend, and then ashamedly realized that this was not a stock I felt comfortable owning for the,"long haul".
There are better stocks in the same space. I feel as though a "shell"game is being played here,