Comment on Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading
FarceOfWill@infosec.pub 11 hours ago
A lot of very confused people here who think an earnings delay means ubi havent made much money. Cant say if they have or not, but if they havent thats still not a reason for this kind of delay
MolochAlter@lemmy.world 9 hours ago
It’s not that, it’s the trade halt that points to something major (and bad for them) happening.
Alaknar@sopuli.xyz 9 hours ago
They haven’t been doing too well recently. The trade halt is because they’re afraid that everybody would read the halting of the report as admission they’re barely afloat and start dumping shares, killing the company.
FarceOfWill@infosec.pub 8 hours ago
Right, If the truth is theyre barely afloat theyre not going to change anything by delaying the report. The time its reporting has passed.
pinball_wizard@lemmy.zip 2 hours ago
Sure. Long term.
But I can’t help but wonder how much a motivated executive could embezzle using some additional time…
Alaknar@sopuli.xyz 7 hours ago
Which is what leads me to believe that they caught an error in the report and needed to re-print it. Halting it now wouldn’t change anything financially.