Thread regarding NewSchool of Architecture and Design layoffs

Ambow Bucks

Workers are apparently being offered shares of AMBO instead of real money.

"Operating expenses for the second quarter of 2023 decreased by 47.4% to $2.0 million from $3.8 million for the same period of 2022. The decrease was primarily due to the Company’s issuance of 5.2 million shares of fully vested restricted stock units to senior management and key employees as compensation during the second quarter of 2022, and stringent expense controls to improve operating efficiency."

https://www.sec.gov/Archives/edgar/data/1494558/000110465923121638/ambo-20230630xex99d1.htm

by
| 643 views | | no replies yet | Reply
Post ID: @OP+1q7Bfn9f

There are no replies in this thread yet. Be the first to post a reply below:

Post a reply

: