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Pera's Ubiquiti Networks Issued SEC Subpoenas - Printable Version

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Pera's Ubiquiti Networks Issued SEC Subpoenas - Tigx - 02-20-2018 10:43 AM

From MarketWatch: https://www.marketwatch.com/story/ubiquiti-networks-stock-sinks-after-disclosure-of-sec-subpoenas-2018-02-20

"Ubiquiti said that the SEC asked for "documents and information relating to a range of topics, including metrics relating to the Ubiquiti Community, accounting practices, financial information, auditors, international trade practices, and relationships with distributors and various other third parties."

Stock down 27% today. Gotta wonder how this will affect the buy-sell process. And hope Verno sold his shares.

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - aTxTIGER - 02-21-2018 10:49 AM

(02-20-2018 10:43 AM)Tigx Wrote:  From MarketWatch: https://www.marketwatch.com/story/ubiquiti-networks-stock-sinks-after-disclosure-of-sec-subpoenas-2018-02-20

"Ubiquiti said that the SEC asked for "documents and information relating to a range of topics, including metrics relating to the Ubiquiti Community, accounting practices, financial information, auditors, international trade practices, and relationships with distributors and various other third parties."

Stock down 27% today. Gotta wonder how this will affect the buy-sell process. And hope Verno sold his shares.

Even after this decline, UBNT is still outpacing the S&P 500 since last May. Up 25% despite the fall yesterday.

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - Tigx - 02-21-2018 11:07 AM

(02-21-2018 10:49 AM)aTxTIGER Wrote:  
(02-20-2018 10:43 AM)Tigx Wrote:  From MarketWatch: https://www.marketwatch.com/story/ubiquiti-networks-stock-sinks-after-disclosure-of-sec-subpoenas-2018-02-20

"Ubiquiti said that the SEC asked for "documents and information relating to a range of topics, including metrics relating to the Ubiquiti Community, accounting practices, financial information, auditors, international trade practices, and relationships with distributors and various other third parties."

Stock down 27% today. Gotta wonder how this will affect the buy-sell process. And hope Verno sold his shares.

Even after this decline, UBNT is still outpacing the S&P 500 since last May. Up 25% despite the fall yesterday.

Weird compulsion of mine to check numbers that people throw around on this board, might call it the Saluki affect.

And, using May 22nd, 2107, so exactly 9 months, UBNT is still up 13% as of yesterday's close. And the S&P 500 is up 14.2%. So your statement is inaccurate.

Bigger point is how this could impact Pera's choice to retain majority control after Kaplan/Strauss make their buy-sell bid. And we can be pretty sure the league will be looking at this too. Rumors of possible creative accounting at Ubiquiti have been around for a while.

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - aTxTIGER - 02-21-2018 12:25 PM

(02-21-2018 11:07 AM)Tigx Wrote:  
(02-21-2018 10:49 AM)aTxTIGER Wrote:  
(02-20-2018 10:43 AM)Tigx Wrote:  From MarketWatch: https://www.marketwatch.com/story/ubiquiti-networks-stock-sinks-after-disclosure-of-sec-subpoenas-2018-02-20

"Ubiquiti said that the SEC asked for "documents and information relating to a range of topics, including metrics relating to the Ubiquiti Community, accounting practices, financial information, auditors, international trade practices, and relationships with distributors and various other third parties."

Stock down 27% today. Gotta wonder how this will affect the buy-sell process. And hope Verno sold his shares.

Even after this decline, UBNT is still outpacing the S&P 500 since last May. Up 25% despite the fall yesterday.

Weird compulsion of mine to check numbers that people throw around on this board, might call it the Saluki affect.

And, using May 22nd, 2107, so exactly 9 months, UBNT is still up 13% as of yesterday's close. And the S&P 500 is up 14.2%. So your statement is inaccurate.

Bigger point is how this could impact Pera's choice to retain majority control after Kaplan/Strauss make their buy-sell bid. And we can be pretty sure the league will be looking at this too. Rumors of possible creative accounting at Ubiquiti have been around for a while.

I was taking it from the low of 45.71 on May 8th, 2017. From May 8th to at this moment(57.225) it is up 25.2%. From that same date, the S&P 500 is up 13.9%.

But hey, thanks for cherry picking numbers. SMH

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - Tigx - 02-21-2018 02:03 PM

aTx, you literally just said you picked the low point of May 8th, which is literally cherry picking the date, and yet you accused me. Wow. You do understand what cherry picking means, right?

I went back 9 months, 3 quarters, exactly. Didn't have time to pick through every day in the month of May, 2017, to find one that supported my point. You've learned well from some of the others on this board.

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - fishman6581 - 02-21-2018 02:04 PM

(02-21-2018 02:03 PM)Tigx Wrote:  aTx, you literally just said you picked the low point of May 8th, which is literally cherry picking the date, and yet you accused me. Wow. You do understand what cherry picking means, right?

I went back 9 months, 3 quarters, exactly. Didn't have time to pick through every day in the month of May, 2017, to find one that supported my point. You've learned well from some of the others on this board.

You've been increasingly hostile lately, lol.

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - Tigx - 02-21-2018 02:07 PM

(02-21-2018 02:04 PM)fishman6581 Wrote:  
(02-21-2018 02:03 PM)Tigx Wrote:  aTx, you literally just said you picked the low point of May 8th, which is literally cherry picking the date, and yet you accused me. Wow. You do understand what cherry picking means, right?

I went back 9 months, 3 quarters, exactly. Didn't have time to pick through every day in the month of May, 2017, to find one that supported my point. You've learned well from some of the others on this board.

You've been increasingly hostile lately, lol.

Your're right, Fish, I need to take a break. I have a low tolerance for dumb, and there's been a lot of dumb lately.

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - Unionman76 - 02-21-2018 05:17 PM

grizzlies valued at 1,025,000,000

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - Tigx - 02-22-2018 11:53 AM

(02-21-2018 05:17 PM)Unionman76 Wrote:  grizzlies valued at 1,025,000,000

Yep. Media has reported that the Kaplan/Strauss group has made a bid. So they either cash out at probably 3 times what they invested, or Pera says no and they buy Pera out.

Too bad a local owner could not have realized what a relative bargain the Grizz were in 2012 when Pera bought the team.

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - salukiblue - 02-22-2018 11:55 AM

(02-21-2018 02:04 PM)fishman6581 Wrote:  
(02-21-2018 02:03 PM)Tigx Wrote:  aTx, you literally just said you picked the low point of May 8th, which is literally cherry picking the date, and yet you accused me. Wow. You do understand what cherry picking means, right?

I went back 9 months, 3 quarters, exactly. Didn't have time to pick through every day in the month of May, 2017, to find one that supported my point. You've learned well from some of the others on this board.

You've been increasingly hostile lately, lol.

He's just getting tired of being made to look silly in multiple forums. Sorta the jack of all forums and the master of none.

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - Tigx - 02-22-2018 12:02 PM

(02-22-2018 11:55 AM)salukiblue Wrote:  
(02-21-2018 02:04 PM)fishman6581 Wrote:  
(02-21-2018 02:03 PM)Tigx Wrote:  aTx, you literally just said you picked the low point of May 8th, which is literally cherry picking the date, and yet you accused me. Wow. You do understand what cherry picking means, right?

I went back 9 months, 3 quarters, exactly. Didn't have time to pick through every day in the month of May, 2017, to find one that supported my point. You've learned well from some of the others on this board.

You've been increasingly hostile lately, lol.

He's just getting tired of making me look silly in multiple forums.

And like clockwork, the prime example of what I said in post #7, following me around like a puppy dog. Mr cut-and-paste. : "I have a low tolerance for dumb, and there's been a lot of dumb lately."

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - salukiblue - 02-22-2018 12:16 PM

(02-22-2018 12:02 PM)Tigx Wrote:  
(02-22-2018 11:55 AM)salukiblue Wrote:  
(02-21-2018 02:04 PM)fishman6581 Wrote:  
(02-21-2018 02:03 PM)Tigx Wrote:  aTx, you literally just said you picked the low point of May 8th, which is literally cherry picking the date, and yet you accused me. Wow. You do understand what cherry picking means, right?

I went back 9 months, 3 quarters, exactly. Didn't have time to pick through every day in the month of May, 2017, to find one that supported my point. You've learned well from some of the others on this board.

You've been increasingly hostile lately, lol.

He's just getting tired of making me look silly in multiple forums.

And like clockwork, the prime example of what I said in post #7, following me around like a puppy dog. Mr cut-and-paste. : "I have a low tolerance for dumb, and there's been a lot of dumb lately."

[Image: 220px-Michael_Jordan_crying.jpg]

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - Tigx - 02-22-2018 12:18 PM

(02-22-2018 12:16 PM)salukiblue Wrote:  
(02-22-2018 12:02 PM)Tigx Wrote:  
(02-22-2018 11:55 AM)salukiblue Wrote:  
(02-21-2018 02:04 PM)fishman6581 Wrote:  
(02-21-2018 02:03 PM)Tigx Wrote:  aTx, you literally just said you picked the low point of May 8th, which is literally cherry picking the date, and yet you accused me. Wow. You do understand what cherry picking means, right?

I went back 9 months, 3 quarters, exactly. Didn't have time to pick through every day in the month of May, 2017, to find one that supported my point. You've learned well from some of the others on this board.

You've been increasingly hostile lately, lol.

He's just getting tired of making me look silly in multiple forums.

And like clockwork, the prime example of what I said in post #7, following me around like a puppy dog. Mr cut-and-paste. : "I have a low tolerance for dumb, and there's been a lot of dumb lately."

[Image: 220px-Michael_Jordan_crying.jpg]

Gee Saluki, very original. Never seen that before. About as intelligent as your cut-and-pastes.

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - salukiblue - 02-22-2018 12:28 PM

(02-22-2018 12:18 PM)Tigx Wrote:  Gee Saluki, very original. Never seen that before. About as intelligent as your cut-and-pastes.

[Image: tumblr_ly003nCa6a1r9az5lo1_500.gif]

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - Tigx - 02-22-2018 12:31 PM

(02-22-2018 12:28 PM)salukiblue Wrote:  
(02-22-2018 12:18 PM)Tigx Wrote:  Gee Saluki, very original. Never seen that before. About as intelligent as your cut-and-pastes.

blah blah blah

We are weary of your vapidity. Go chase around Jonah on twitter for some recognition and a treat, puppy dog.

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - salukiblue - 02-22-2018 12:47 PM

(02-22-2018 12:31 PM)Tigx Wrote:  
(02-22-2018 12:28 PM)salukiblue Wrote:  
(02-22-2018 12:18 PM)Tigx Wrote:  Gee Saluki, very original. Never seen that before. About as intelligent as your cut-and-pastes.

blah blah blah

We are weary of your vapidity. Go chase around Jonah on twitter for some recognition and a treat, puppy dog.

Ok.

Ciao.

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - Tigx - 02-22-2018 12:48 PM

(02-22-2018 12:47 PM)salukiblue Wrote:  
(02-22-2018 12:31 PM)Tigx Wrote:  
(02-22-2018 12:28 PM)salukiblue Wrote:  
(02-22-2018 12:18 PM)Tigx Wrote:  Gee Saluki, very original. Never seen that before. About as intelligent as your cut-and-pastes.

blah blah blah

We are weary of your vapidity. Go chase around Jonah on twitter for some recognition and a treat, puppy dog.

Ok.

Ciao.

If only that could be permanent.

RE: Pera's Ubiquiti Networks Issued SEC Subpoenas - Tigx - 02-22-2018 12:51 PM

(02-20-2018 10:43 AM)Tigx Wrote:  From MarketWatch: https://www.marketwatch.com/story/ubiquiti-networks-stock-sinks-after-disclosure-of-sec-subpoenas-2018-02-20

"Ubiquiti said that the SEC asked for "documents and information relating to a range of topics, including metrics relating to the Ubiquiti Community, accounting practices, financial information, auditors, international trade practices, and relationships with distributors and various other third parties."

Stock down 27% today. Gotta wonder how this will affect the buy-sell process. And hope Verno sold his shares.

Back to intelligent conversation.

FYI, Mark King at GBB interviewed a guy from Market Watch about Pera. The article is up now. Mainly questioning whether Pera can get the capital to match the buy-sell offer without selling a lot of Ubiquiti shares, which Pera doesn't want to do.

Would post the link, but not sure if that's a violations since GBB could be seen as a competing site.