It is ironic that LifeLock, a true lemon of a company, acquires an actual mobile innovator, "Lemon" today.
Where is the FTC to enforce its original rulings that have are violated in a daily basis. We know the SEC gave already them the free pass when they let the language in the prospectus go through at offering. Bravo to the legal team that got that specific language through. Just remember it will probably be the same legal team/firm that will generate fees when all these shenanigans come due.
Any ideas what is next on the acquisition binge list to hide the lack and deteriorating business?
LOCK is done once everyone realizes cash flows and growth numbers will never hit what has been peddled in recent quarters by management, analysts, and everyone else who will be holding the stock at the company struggles. I have pressed my shorts and you longs have been very quiet this week. Why?
Does anyone understand what is going on in LOCK's purchase of ID Analytics for $186 million and why the prior CEO of that company departed after Todd Davis released a press release indicating that the subsidiary will continue to operate under Bruce Hansen? What did or does Bruce Hansen know that the rest of us and institutional holders do not.
Also, has anyone viewed recent investors presentation on the company websites? It is laughable what companies they group themselves with on the the slides as there is nothing proprietary that they do. While this entire company has been a successful marketing machine since the IPO, it will end as cash flow start to dry up.
LOCK is clearly playing games in the 10-Qs with how they calculate member turnover and anyone holding shares of this company should be careful. These are classic accounting shenanigans.