Just goes to show that even a DUMMIE like Goreon can laugh all the way to the bank. So sickening.
AL GORE’S ‘CURRENT MEDIA’: AN INCONVIENENT IPO
. . .So unless you were to dig into the S-1 filing, you might think this IPO could fly. But it probably won’t, because it shows some key signs of an undercooked IPO.
First, Current Media isn’t profitable. Far from it, in fact: It has lost $37.4 million since it started recording revenue less than four years ago. Compare that with $140 million in aggregate revenue, and you have a company that has spent $1.27 for every $1 taken in.