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Is there any proof for this claim: "By inflating his numbers he was able to get funding from investors at better terms" The article does state the inflated num
by smallgovt 10y ago
Is there any proof for this claim: "By inflating his numbers he was able to get funding from investors at better terms"
The article does state the inflated numbers were reported to investors, but what makes you think this was material in any way?
- vkou 10y agoWhat makes you think that any numbers reported to investors are material in any way? Why do we even report numbers? This is, after-all, the future, where profitability doesn't matter.
- deleted 10y ago[deleted]
- x0x0 10y agofrom the article the deal made it possible for his company to inflate, by more than 50 percent, the number of test orders it reported to investors late last year while updating them on interest in a flagship product, a diagnostic tool known as GPS Cancer. Have individual investors been questioned? No. But that's a significant increase in total orders. Also, if this was so above-board, want to take bets on whether this was disclosed to investors as money coming from related entities?
- deleted 10y ago[deleted]
- deleted 10y ago[deleted]