SEEKING ALPHA - Aug 4 - MeetMe recently traded at a four-year high of $7.49 a share, giving the company a market cap of ~$350M. In this recent article, Rober W Walter pointed out some recent events and disclosures (see below) that MeetMe's potential investors should consider before investing in the company.
- Using Professor Beneish's Manipulator Score calculation, MeetMe's financial statements are signaling potential manipulation.
- Stock sales by the CEO which were made while the Skout acquisition was being negotiated.
- Absence of Skout's financial information.
- Unexplained officer and director turnover.
by Robert W. Walter
See full article at Seeking Alpha
See all posts on MeetMe
Summarized by the Courtland Brooks team
