Matterslight | Generally Fails: December 2011 GAAP Losses Per Share May 16 2012

Showing posts with label December 2011 GAAP Losses Per Share May 16 2012. Show all posts

Wednesday, May 16, 2012

Another Impertinent Question

The longer I think about it, the less plausible it becomes that this was all just an innocent error. The mistake is an obvious one -- a reckless one, in fact (if it was a mistake at all CEO Conway is a CPA afterall!) -- and it greatly affected the valuation assigned to the share-settlement arbitration outcome (click it to enlarge¹):

More in a few minutes, on timelines. . . .

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1. Graphic corrected 05.17.12 for error in buyback price of Series B -- $8.60; not $8.20.}