not sure how you post this with such conviction when you have no idea what you’re talking about. The audit is ongoing through the year, 1.5months? No. Cettire is absolutely not one of GTs main clients, it’s still a relatively small and straightforward company from an accounting perspective. you have to remember it’s still basically Dean and a handful of employees that have achieved an incredible amount in a short period of time. They paid around 400k in audit fees which is a relatively small job.
Yes they have an argument with management which is in the end inconsequential. The delivered margin number will become revenue and profit remains the same.
if however, I’m the issue with GT is more than revenue recognition than we have an issue, but the company is saying that this is the only substantive issue and the only outcomes here are they state revenue in one of two ways. there is no doubt here about not issuing a clean opinion, this is baseless speculation.
CTT Price at posting:
$1.04 Sentiment: Buy Disclosure: Not Held
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