175: Jonathan Shapiro – Investigating and Exposing the Crafty Schemes of Public Companies
Chat With Traders
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The Motivation of the Management at Big
Big was listed in 2014 and the share price went nowhere, you know, just kind of bumbled along at 20 cents a share. They changed auditors, they came up with these new stuff and started issuing all these options. So I think my suspicion is some people told them, look, if you can convince the market that you can generate cash, the market will reward you and your share prices will go up. Eventually, they restated their accounts and after our coverage,. they were forced to restate their accounts and took them a very, very long time, I think over a year. And what they put out just showed the total opposite of how they represented, which they were losing
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