Tumblelog by Soup.io
Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.
samuestamper

Groupon stock dives more information with new case of 'spotty accounting' Groupon stock dives with new case of 'spotty accounting' When it filed to go public with the sec and exchange comission, groupon's accounting raised some red flags and freebies eventually revised its financials with the sec before its ipo.Thinking about all the scrutiny, the news on friday that it is auditor, earnst and Pandora Canada at an early age, said the newfound errors explained"Material some a listlessness in internal controls"Piqued the interest of lawyers. "When you do a registration statement there's extensive required groundwork so you would think this was uncovered at the time, jacob zamansky of the new york based law firm zamansky patrons, which is all about investors, told deal diary. Groupon blamed its new losses on higher than expected returns from the year.But our own rocky http://www.wobistal.com/alphabet-charms.html agrawal argues that the company should have seen next a mile away. Adequately, to start, it's not a coupon company nor an advertising and marketing company.Clients are a receivables factoring business, as i wrote yr after.They give loans to small enterprises at a very steep rate(Immediately the Pandora Bracelets Canada discount plus groupon's commission).They get the money to fund these loans from credit card providers such as chase paymentech.Groupon it's essentially a sub prime lender that does zero risk assessment.And as word continues to spread about what a terrible deal running a groupon is for many categories of companies, the ones that will choose to run groupons are the razors that are the most desperate.

 

 

Don't be the product, buy the product!

Schweinderl