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ATER.US
id: 1093
ATERIAN ceo mismanagement
A lot of dilution for stockholders. Given that Aterian always has missed estimates this quarter, there’s little reason to assume that Aterian will get its forecasts going forward. More broadly, over the past two years, Aterian’s share count has already risen from fewer than 20 million to greater than 55 million shares today. That’s a near tripling of the amount of ATER stock in circulation. If the company issues more with shares down here in the low single digits, it could have a devastating effect to current shareholders.
Furthermore, the CEO Yaniv keeps shareholders on a short string and gives out false promises. Additionaly, the AIMEE 'AI' also was a hyped up failed product.
Case Status
Inactive Investigation
Alleged Offence
Mismanagement,
Negligence
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
05/05/2022
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