According to the Yahoo Company news they will announce today ..... but there is nothing on the Co website.From afar this seems OTT. It seems it only relates to the Indian sub and it will have no affcet on results. The hit is ~$270,000 deferred revenues.I can only imagine that we will see a bouce when it is resolved but I fear it could be costing a fortune in distracted management.
Distracting the management might actually be helpful for SABA.
Just heard from a current NA professional services employee. A half dozen high up employees (directors, vp's, etc) in the consulting group were let go as part of the cleanup of this mess.
Hmm you might be right. You made me laugh if nothing else.More seriously one would have thought the stock would have tanked by now if there were anything serious - will they be subject to a regulatory fine?