The We Company’s S-1 lacks information about its financials according to Rett Wallace, CEO of Triton Research. Wallace said “the prospectus is a masterpiece of obfuscation” adding that if the figures were encouraging there would be no need to be so opaque. The prospective filing is meant to "open a companies books", as it were with the aim at allowing potential buyers of its stock to understand its financials in a way that would allow the investor to assess risk versus reward; ultimately giving them the ability to value the stock. Triton uses what it calls an obfuscation index to evaluate companies that are preparing to list, which it claims has a very good record. “Investors should not expect any meaningful disclosure from this prospectus,” he said.
The We Company’s S-1 lacks information about its financials according to Rett Wallace, CEO of Triton Research. Wallace said “the prospectus is a masterpiece of obfuscation” adding that if the figures were encouraging there would be no need to be so opaque. Triton uses what it calls an obfuscation index to evaluate companies that are preparing to list, which it claims has a very good record. “Investors should not expect any meaningful disclosure from this prospectus,” he said.