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by R_Symtex_II
5167 days ago
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I doubt its even that, and I question the due diligence of the People at said Hedge Fund as Groupon has been using shadow banking and nefarious accounting to hide massive loses since its inception. http://www.valuewalk.com/2012/04/groupon-inc-grpn-accounting... There is no accurate way to place a (positive) estimate/valuation of the operation or its profitability, personally I doubt they even have operating capital since it took that dive earlier this month. It looked to me like the tail end of a significant short selling position finally came to fruition by insiders who got in early. |
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