$SLP SHORT Negative Article by Thestreetsweeper

NASDAQ:SLP   Simulations Plus, Inc

Negative article.
Insider Selling.

This is a little copy paste from the article. Even more shady details in the article!

SLP's initial payment of $5.2 million consisted of $2.08 million in cash and over 491,000 shares ultimately valued at $3.277 million. ( SLP will need to pay the remaining $720,000 cash and 170,014 issued shares in July.)

This transaction would normally prompt a pretty big hit in the income statement.

But the company did something that’s perfectly legal yet quite surprising.

The company allocated almost $4.8 million of the acquisition cost to "goodwill." So goodwill – the premium SLP paid over Cognigen’s book value – accounted for over 90 percent of the initial payment. By allocating it this way, SLP kept the vast majority of the cost off the income statement.

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