CFO is telling analysts that Rocky Mountain article is factually incorrect. Management told employees that they should take their holiday time before year end as it would not be rolled over into 2008, that's all. For some reason the jornalist completely twisted the story. Also, management will be looking to update on guidance a week on Wednesday at the ICR conference. Wednesday is the next data point with Sporting Channel data, last week's report was positive.
Two events will intervene between here and ZERO
1. CROCK barfs the 4th quarter sky high.
2. Founders pull the ripcord and dump while the CROCK stock is still worth dumping.
Maybe three if you count the ritual scammer CEO sacrifice event with requisite massive severance package.
I didn't want to get into fight on this board but seeing scumtracker's message is very unprofessional I have to defend manda. Manda is not lying. Rocky Mountain journalist never spoke with the company or anyone from the company. What is very unprofessional and wrong of the rocky mountain journalist is that he took advantage of the fact that Tia Matteson, the spokeswoman and media contact for CROX just gave birth to twins and thus can not come out to clarify with Rocky Mountain. Anyone can call Crox and confirm on Tia's situation. The journalist took the lack of defense from company (because company doesn't not have a spokesperson now to deny his erroneous info) as a confirmation of his twisted rumors on the company - "you are guilty until you are proven otherwise".
This fake story is easily debunked by doing a simple Google search of Crocs on Craigslist:
They are begging for help and hiring all over the country.
The reason is easy. The journalist wanted to either profit directly or have his/her associates profit from the factually incorrect twisted story. SEC should investigate the trades of this reporter and their friends/associates. I wouldn't be surprised if some trading by these people occured before the article with the false story broke.
Anyone want to buy a strong brand fast growth company at 50% discount to its fair value? Easy..symbol is CROX. Downside by day trader shorts is 3-5 points. Upside is up to 85/share which is fair value in Q2/Q3 of 08. Anyone like to make 300%? Doesn't really get any easier than this one. Good earnings coming, solid 30-40% growth all of 08 and the mother of all short squeezes.
You guys are so stupid that you would need to take out an an idiots license in my state.
The Colorado Print Media has been complicit to say the least in the massive pump and dump scheme that was the CROCK.
The company was in business for barely two years and pulled off the most expensive IPO in the history of Footwear and not a single reporter in the whole state dared to suggest that something like this could end up badly?
None of them even noted stock offerings where almost NONE of the money went into the hype company itself either?
Even though these represent less than a fraction of a percent on the whole and there weren't any to speak of before KCIN in 2002?
They are simply trying to distance themselve from the real massacre that's happening here right now.
Like you pathetic bagholder clowns should be doing.