Summary Based on details presented below, we believe that The Bancorp is not in compliance with Post-Enron GAAP (specifically FASB 46R amended by SFAS 167, also know today as FASB ASC Topic 810-10) Introduction Generally accepted accounting principles (GAAP) relating to consolidation of subsidiaries have changed dramatically in response to the Enron scandal of the late …
Category Archives: Crypto Economics
An Alternative Business Model for Product Hunt
Below is a comment I first published on Medium in response to an article by Ryan Hoover called Introducing Product Hunt 2.0 It is the process of PH that is world-class and of great value, not the PH 2.0 website itself. Seeking a wider audience by expanding PH beyond curating new software to books and sneakers …
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The Bancorp: Continuing Problems With A Discontinued Operation
Summary The Bancorp filed a NT 10-K recently notifying the SEC that it had failed to file its 2014 10-K within the allowed 75 days. We believe that the reason for this failure has been a reconsideration of the markdown of the loan portfolio associated with its discontinued commercial lending operation. The Bancorp has until …
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Zynga: A Sleeping Dog in 4Q14
We forecast that Zynga’s 4Q14 bookings will be at the low end of guidance of around $183 million, based on App Annie revenue ranking trends. QoQ revenue growth in casino games has been wiped out by QoQ declines from its tentpole game FarmVille 2: Country Escape. While new releases Looney Tunes Dash! and New Words …
FinTech Acquisition “Blank Check” IPO: Buzzy Name, Fuzzy Aim
[easy_sign_up title=”Sign Up for Free Monthly Newsletter on the hottest FinTech Companies”] Summary There is circumstantial evidence that the aim of this FinTech “blank check” IPO is to acquire a company in the fast-growing prepaid gift and rewards card market. But, this market has just entered a “post-plastic” and “post-internet” end-to-end mobile app world where …
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