Poseidon Concepts North American investors will remember the case of Poseidon Concepts (http://www.theglobeandmail.com/report-on-business/rob-magazine/the-13-billion-fraud-bay-street-forgot/article32651690/) Poseidon developed and leased out pools used by oil and gas customers to store dirty fracking water The stock went from over 16 DOLLARS to 16 CENTS in ~5 mos, wiping out well over $1 billion of market value [icahn] Also read: Q2/H1 Hedge Fund Letters – Letters, Conferences, Calls, And More Baupost Letter Points To Concern Over Risk Parity, Systematic Strategies During Crisis AI Hedge Fund Robots Beating Their Human Masters Badger vs. Poseidon What happened with Poseidon’s AR? Poseidon’s 2011 Annual Report, Page 42 on…
- Poseidon Concepts
- Badger vs. Poseidon
- What happened with Poseidon’s AR?
- Poseidon’s 2011 Annual Report, Page 42 on Revenue Recognition:
- Further analyzing BAD’s receivables for collectability may make sense
- So why question Badger’s Receivables? June is too good to be true
- So why question Badger's Receivables?
- How Much of Badger’s A/R is Impaired Due to Broke Customers?
- So what happened to Poseidon?
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