Backdating option scandal stock
In March of 2017, Shot Spotter was once again down to just million in cash but had debt and current liabilities of million.By this time, Shot Spotter had never turned a profit and had an accumulated deficit of million.Here is a list of gun violence incidents that made major US headlines, all in 2015 or earlier.The point is that high profile gun violence has been a problem in the US for decades, yet it has not allowed Shot Spotter to ever generate a profit.But overall, the technology is still largely the same as it was 23 years ago.
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And it comes in great detail from a wide variety of completely independent sources. As I will show in a subsequent section, Shot Spotter has undertaken significant efforts to thwart the release of any performance data for its product. It proves conclusively that the product provides no material benefit whatsoever.
But an investigative journalist from Forbes was able to separately obtain and analyze much of the data behind Shot Spotter. The data obtained by Forbes in 2016 showed that Shot Spotter provided huge numbers of alerts to law enforcement, but that more than 98% of these alerts ended in no arrests being made.