This caught my eye in the 3Q2011 10Q form of Black Diamond Inc: Here´s the explanation: This means that the earlier accounts give a wrong image of the gross margins of the newly combined companies. It kind of makes you wonder if they did this on purpose. As this was not an IPO but a … Continue reading Black Diamond 3Q2011 Results
Black Diamond Inc (BDE) is a reverse merger stock as two operating companies, Black Diamond Equipment and Gregory Backpacks, were aquired by a registered shell company Clarus Corp, that had previously sold its software operations. In a letter to shareholders from May 2010, chairman Warren B. Kanders states: After a long and thorough process of … Continue reading Profile: Black Diamond Inc.