I'm new to the board and my recent post was deleted as off topic. I have checked the rules and hope this one is not an off topic. Anyway, I apologize if this post will be seen as not helpful. "Evidence shows that Lightspeed massively inflated its business pre-IPO, overstating its customer count by 85% and gross transaction volume ('GTV') by 10% – a payment volume metric that a former employee described as 'smoke and mirrors.' "Evidence of declining organic growth and business deterioration through Lightspeed's IPO, despite management's claims that Average Revenue Per User ("ARPU") is increasing." [http://www.sbwire.com/press-releases/nyselspd-shareholder-no...](http://www.sbwire.com/press-releases/nyselspd-shareholder-notice-investigation-possible-securities-laws-violations-1347371.htm) Basically, a law firm accuse LSPD in false reporting. How do you treat such news? Some metrics: (Y,%) Mar,21 Mar,20 Mar,19 Mar,18 Sales Growth 84 56 37 34 Gross Margin 40 53 63 61 Net Margin -56 -44 -237 -169 (Q,%) 21Q2 21Q1 20Q4 20Q3 Sales Growth 220 127 79 62 Gross Margin 33 34 41 48 Net Margin -43 -51 -74 -43
There are a number of post over the last couple of weeks discussing LSPD and this short attack. I would suggest you go back and read those. It is very common for these, I think, unscrupulous law firms to latch on to a short report that makes accusations against a company and then begin to solicit stock holders to join in a class action suit. The goal is to get the company to settle rather than fight. The law firms gets a few million, the shareholders get a check for 25 cents. (and yes years ago I used to join these things, before I got wise. I have received checks for 25 or 30 cents as my share of the settlement). It’s a racket, again just my opinion, but do go back and read post on LSPD from about three weeks ago now.