Subaye (NASDAQ:SBAY) Investigatory Report – Uncovering a Cloud of Discrepancies

By |2015-05-26T14:20:38-04:00March 25th, 2011|Categories: GeoTeam Articles, Insights, Spotlight Articles|Tags: , , , , , , , |

What started out as a basic curiosity about the ownership structure of Subaye (NASDAQ:SBAY) led to an on-the-ground investigation into the fundamental operations of the company. Our initial red flags were born out of misrepresentations of ownership structure as well as questions into the effectiveness and potential of the company's website and "cloud business products" in garnering meaningful revenues.