A year ago the stock price was $22 per share which obviously artificially high because of the games played at the top.
Stock is now $12 per share with plenty of room to go down once they finally release the 2022 Q4 release which will have to disclose how much they overstated over the last few years.
I would imagine more law suits to come.
3 replies (most recent on top)
Give them time. The 1 person working on this in accounting keeps finding hidden or missing files. Until then "serve the slaw"
They haven't released Q4 earnings yet because the $20M is going to end up being $40M - $50M and once that new number gets released the lawsuits will pile on.
You have got to guess that Altera is waiting to find out how dishonest RP and PB were to figure out the impact on them before they issue a lawsuit.
Why are they not declaring the Q4 results yet? Are they still playing games?