$SoundHound AI (SOUN.US)$ more insider dumping, form 4 and 1...
$SoundHound AI (SOUN.US)$ more insider dumping, form 4 and 144 just posted
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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70629184 : wow, they waited till now to inform all the bagholders they took all their money. this is gonna get ugly tomorrow.
74172505 : Lmao, please stop warning them, let them be, love to see how greed plays out
Simon 5183 : Every investor and shareholder has the right to buy and sell their shares. As long as company executives disclose to the outside world that they have not violated securities laws after the sale, it is legal. Furthermore, is it necessary to make a fuss to sell tens of thousands of shares over 1 million shares? Let's see, isn't it legal for Musk to sell his shares in order to buy Twitter for more than 40 billion dollars? This bad news is nothing more than to lower stock prices so that you can use the lowest cost to search for cheap stocks and sell them at high prices to make money!
10baggerbamm OP Simon 5183 : what it has to do is how they recognize revenue and how they disclose it so revenues are disclosed as being up 80%, the prior quarter revenues year over year were 18% so you go from 18% revenues to 80% revenue and you say wow this is significant growth it's over 400% quarter to quarter however when they book a contract basically a signature and they start recognizing revenue when they haven't received a dime it's a problem it is no different than lucid the electric vehicle manufacturer and other EV companies early on where somebody would put a $1,000 deposit down on a car which is not even in production yet and is expected to be delivered in 2 years whatever it was and they start booking that as revenue and it isn't furthermore companies walked away last quarter like Mercedes which I knew about how do I know because I went to a dealership to my friends owns and he flat out told me that there voice AI is no longer in their cars it's just that simple to do due diligence anyways Mercedes had to pay a cancellation fee that's booked as revenue and it all shows up on the surfaces tremendous growth when the reality is if you strip away the walk away clauses from companies that canceled and there were two of them and the new contracts which haven't paid a dime but they start recognizing revenue they're not growing at 80% as the bottom line