TEUM - Pareteum Finally Admits To Inflating Results - Bankruptcy Might Be In The Cards Now
Note: I have previously covered Pareteum Corporation (NASDAQ:TEUM), so investors should view this as an update to my earlier articles on the company.
In Monday's after hours session, controversial emerging Communications Platform as a Service ("CPaaS") provider Pareteum Corporation dropped the bomb (emphasis added by author):
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Investors should no longer rely upon the Company’s previously released financial statements for the time periods cited above. Similarly, related press releases, earnings releases, and investor communications describing the Company’s financial statements for these periods should no longer be relied upon.
The decision to restate these