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ChromaDex Corporation Message Board

  • skepticinvest skepticinvest Nov 8, 2012 10:37 AM Flag

    The PRNews press release is deceptive, innacurate and full of lies

    The press release, submitted by the company management, is irresponsible and possibly even fraudulent. The statement that income increased by 99% is a flat out lie. It was only NET income, that is income minus promotions, that increased from a virtually non existent base figure, by this amount. Earnings fell actually, and rather dramatically. The word NET was intentionally omitted from the press release to make it appear as if the SEC filing reported a big increase in real income. This is misleading and untruthful.

    Furthermore, and an even more egregious omission, is the entire point of the SEC filing itself, the fact that losses increased from just over $5mill to almost $10mill. The SEC needs to have a look at this press release. It is misleading, inaccurate, incomplete, and mendacious. This is outrageous. I can not imagine that the company attorneys approved of this release.

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