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No management/Lead IPO Managers, and investigating accountants...

  1. 7,311 Posts.
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    No management/Lead IPO Managers, and investigating accountants (who audit the proforma forecasts for 'reasonableness') all hedged their bets by only providing 6 months of proforma forecasts, such a short period which because of the shortness of the forecast duration period should have acted as a red herring to an experienced investor.
 
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