There isn’t a worse feeling in the world than seeing your stock being drawn and quartered as the overall market defies gravity and soars to the delight of a very ebbullient and self gratifying crowd of barbarous men.
ASPS requested the delayed filing in order to complete impairment testing and valuation analysis of goodwill, intangible assets and long-lived assets in its Technology Services segment and to complete its financial closing procedures.
The Co currently anticipates that the analysis will result in impairment losses of up to $80 mln as a result of the testing and valuation analysis.
The Company intends to file its Form 10-K on or before March 15, 2016.
This company was entangled with OCN and their subsequent SEC investigation. They’re also based out of Luxembourg for Christ’s sake.
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