We've been saying this for months and they keep dragging out the inevitable. You never know, they might have cooked the books enough to manage one more quarter.
Stocks getting to that sub $5 point again, Whats sad is that its before the earnings report so I wouldnt be surprised to see a dip to the $3 ranges once the losses are announced.
Then again they may just declare bankruptcy or get bought.
Quarter reports came out to all company wide store.. LEAP did not meet expectations for 2nd and 3rd quarter for their targets no surprise there though.. Official reports will come out later with some BS way to be better.. LOL... Either way its not going to happen cause when I visited corp. store recently they were dead and also workers are admitting a huge DROP in adoption rates.. Indirect agents are starting to do some shady activities because payout has shifted dramatically.
Things are looking VERY gloomy...
PS: If you goto any indirect locations or CORP stores keep RECORDS!!!!!
Cricket is done. Expect a bankruptcy filing by Friday. If not it will before the next earnings report..
LEAP had done this to themselves and I really wish the feds would investigate some of the people on the board. There's lots of embezzling as well as other forms of financial fraud going on in that company right now and it wouldn't be hard to catch them if you caught them off guard.
Last edited by nTranced; 08-07-2012 at 07:37 AM.
http://links.mkt1985.com/ctt?kn=12&m...mt=1&rt=0never been a profitable
Sprint stiffed on Leap's $75 million network payment. I called this immediately after the roaming agreement was announced. Leap has never been a profitable company. It was foolish of them to attempt such a large expansion when they'd consistently failed to execute their core business. Sprint is appearing upset by this development but I'm sure they'd be happy to take over Leap and it's assets in lieu of repayment.
This is the end of cricket. They are going into default/bankruptcy before Friday, I remember them doing the same kind of crap with Nokia before they filed the last time.
The quote from the article AppleMac posted, caught my eye.....
Indeed, the overall situation at Leap appears to be dire enough that the company is considering a range of corporate strategies. Hutcheson said: "We are also continuing to review alternatives to drive additional cash flow
and value from our assets." Leap CFO Elliott said this "review" will put all options on the table, up to and including selling the company. "I wouldn't eliminate anything right now," he said.
Last edited by reddragonprodz; 08-07-2012 at 05:51 PM.
Leap CFO Elliott said this "review" will put all options on the table, up to and including selling the company.
This company is in such a pile of debt the best thing to do at this time would be to file for bankruptcy ASAP
Last edited by nTranced; 08-07-2012 at 07:43 PM.
Doug has initiated wake up call anyone not hitting goals will be dealt swiftly, whatever that means.. ie. Fired ..
Anyways not looking good at all all those winbacks and fake padding is catching up to them now.