103704651
commented on a stock · Dec 4, 2024 06:28
define creative accounting
Recent "good news" to drive investors confidence duhh, however in terms of transaction-wise from insiders is a different story. If there are no indication accounting inconsistensies as claimed by their independant review, why aren't insiders buying?
The nature of hardware business consist of multiple components, supply chains, regional vendors & labeling intensive involves many variables could strive creative accounting by upper management. Allegation written by Hindenburg such as sanctions violation, inflated sales by allegedly recording quarterly undelivered sales, sales among parent companies are likely & not merely to be self-dismissed. Transparency issues by$Super Micro Computer (SMCI.US)$replacing financial executives eliminating the problem is not accountable. Do note SMCI was fined previously by SEC related to accounting practices. Buying in$Super Micro Computer (SMCI.US)$current pricing is overpriced with regulatory issues yet to be resolved, $30.00 is a realistic price.
Matrix 404 : nice,