Most people continued buying the shares because they were given accounts showing ARR of $55-$65 million.Tthen one day we wake up and find its $33K ARR. There has been no explanation given for this drop. What has been said is meaningless dribble and woke speak. A $60M company is a big concern.... and to drop to $33M odd overnight is incredible. If LVT were "doing something" that earnt them $33M per annum, why would they drop it? What is that something? LVT staff are supposed to be the most lowly paid and hard to retain. !!! If the business was involved in software development then they should be paying more and they must have some geniuses..Even though they lost the income, we didnt lose $30M - so where did the expenses go?
Was it just a story / ploy to con us into believing LVT was bigger than it ever could be.
Someone should be charged over this !! Karl and his boyfriend knew exactly what was going on, as did the CFO who left suddenly.
LVT Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
