back to article Supermicro praying for Nasdaq time

Supermicro, under threat of Nasdaq delisting for not filing recent quarterly reports on time, is negotiating fresh loan financing. It asked Nasdaq for another 180-day extension a fortnight ago. Its prior 180-day extension elapsed yesterday. The San Jose-based server vendor said it was talking to the Bank of America Merrill …

  1. Ken Moorhouse Silver badge

    Oh dear

    Borrowing money just to meet external milestones, with assurances that it's a temporary situation are good reason for investors steering clear. If the company are stretching themselves to keep that upward trend going then one has to ask whether there was "cookie jar" slack behind the scenes, making that growth look smooth, which is now fully taken up. For example: "The delayed filing was due to a sales transaction recorded as revenue in Q2 of that year being pushed forward to Q3"

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