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It has always admitted it's unprofitable - they dropped their BS accounting metric trying to show that with some magic they were making a profit. To be honest
by suking 15y ago
It has always admitted it's unprofitable - they dropped their BS accounting metric trying to show that with some magic they were making a profit.
To be honest their filing reeked so bad and them trying to slip in that crap and not account for marketing expenses - I wouldn't trust their executive team at all.
- timr 15y agoI'm left wondering why you can still find the word "ACSOI" in the document -- it's right there in the "We don't measure ourselves in conventional ways." section of the letter to investors. They do seem to have removed the metric from other places...but is it really that hard to do a search through the document before filing with the SEC? The mind boggles.
- suking 15y agoI think them using that stat in the first place is at best extreme arrogance or total cluelessness and at worst outright fraud.