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Model N, Inc. Message Board

  • porcupineonweed porcupineonweed Nov 23, 2013 8:18 PM Flag

    Class action needed

    It appears to me that the company knew that sales were going to be hurt, that they would need significant cash for this years fiasco, and that they were not disclosing customer dissatisfaction. All of this, if known, would have priced the IPO much much lower. Investors were mislead illegally imo. A class action is deserved here to get investor money returned. I would not be touting this if I thought the stock could return to 18 based on good fundamentals. It seems like this may not happen for many many years if ever with the cash burn and even accounting for 15% sales growth after next year for 5 years, which now I have ZERO faith they can pull off. At 15% growth rate after this year, the revenues will be at about what the company said they would be for this year AT THE TIME OF THE IPO.

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