They acquired this company supposedly for the prof service revenue and now they are saying they weren't worth the price of the purchase. What other undisclosed info are they going to come up with next? Accounting gimmicry? Will the external auditors sign off on their financials?
This is probably one of the worst companies to ever go public. Horrible. They misguided investors and now they have -25% growth year over year. Is their product a piece of trash. Seems like it. -25% growth rate. Nice job management - right after going public. In 5 years should have 4 million in revenue and 2 employees. market cap of 20 million and price of 1 $ . no business going public. Trash company. show us how your are going to sell your product. at least tell investors that it is worth a #$%$ because everything is showing it is trash software