My accounting buddy says 'Material Weakness' is code for accounting fraud.
If so, it explains why Andrew Mason and Eric Lefkofsky massively cashed out pre-IPO, and may have left everyone else holding the bag.
If so, it explains why Andrew Mason and Eric Lefkofsky massively cashed out pre-IPO, and may have left everyone else holding the bag.
Andrew Mason is basically a newer version of Bernie Madoff. Except Andrew publicly runs a ponzi scheme... AND overinflates share valuation to pump & dump his shares.
LOL.
If he and his CFO aren't in jail over this... I don't know what! There goes investor confidence...
f me!