Thursday, May 10, 2012

Mattersight: DON'T RELY ON OUR GAAP LOSS PER SHARE CALCULATIONS FOR THE LAST THREE YEARS

This is simply an error, in all likelihood, but it is EXTREMELY maddening, nonetheless -- as it makes for no "apples to apples" comparisions, on the only basis "that matters" -- GAAP -- until the amended SEC Forms 10-K are filed -- and even the Q1 Form 10-Q will be late, and filed on an extension. [Isn't Mr. Conway a CPA?]

So -- we don't really know how Mattersight is doing, post sale of ICS, at all. We don't know when, or whether, it will ever become profitable. We cannot even guess, as the goalposts are being moved as I type this.

This truly is "the gang that can't shoot straight." Argh!

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