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They reported all the normal numbers too, right? (Straight revenue, earnings calculated the normal way, etc.) I don't really see why it should be illegal for t
by jackowayed 15y ago
They reported all the normal numbers too, right? (Straight revenue, earnings calculated the normal way, etc.)
I don't really see why it should be illegal for them to include some extra numbers, regardless of how meaningless they are, as long as they fully explain how they calculated them. If investors don't buy Groupon's claim that their marketing costs will go away once they win the market, they can just look at the standard numbers.
Then again, I don't know much about S-1's and how much freedom one generally has to put more than the very essential information in them.
- hvs 15y agoS-1's require an almost pessimistic outlook for the company. It is not the place for padding your image or trying to make yourself look good. The SEC is pretty strict about that.
- jerf 15y ago"I don't really see why it should be illegal for them to include some extra numbers," For "extra numbers", substitute "lies with statistics", and it'll become clear. This application isn't the place to give the company a free-form field to put its propaganda in.