From: Ciamac Cyrus Moallemi (ciamac@alum.mit.edu)
Date: Tue Mar 21 2000 - 15:59:46 PST
At 18:35 3/21/2000, you wrote:
>So the irony is, MicroStrategy had to do a restatement because they
>wanted to do a secondary, but now because of the restatement they cannot
>have the secondary, and they can't build out www.strategy.com ...
I suspect what really got the auditors nervous (and what would have really
gotten the lawyers excited) was that 40% of the secondary offering was
insider selling. The best quip was in the WSJ, that the first class offered
by Michael Saylor's new online university should be Accounting 101.
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