Jules Verne only needed 80 days to travel around the world in 1872. Apparently, things at TheStreet.com (TSCM) are so screwed up, they need half a year to get their books straight and regain compliance with Nasdaq listing rules.
As I noted in an earlier post, according to Jim Cramer’s own rules, you would have to sell TSCM upon learning of such deep rooted accounting problems. Rather than spending time fixing his flagship company, Jim will probably waste time emailing me again and hypocritically asking for me to stop telling people about TSCM’s problems.
If that guy spent less time on TV and hawking books, maybe he could deliver better shareholder value. But hey, he’s busy giving below-average investment advisory to the masses.