Not a typo. Altisource Asset Management (AAMC). They're a lending company. They reported earnings a few days ago and the CEO was mysteriously not there. Instead the board director ran the call. He talked about their core business for maybe 30 seconds and then he brought on a shareholder to pitch an unproven, theoretical EV technology patent that could potentially increase EV ranges by 8%. This is a lending company and the board of directors brought on a shareholder to pitch a patent that isn't proven in any way, shape, or form. I can't get over how insane that sounds and yet is 100% accurate. They then went to questions. When an analyst asked where the CEO was, they said he was "working on a strategic review" that apparently prevented him from taking 15 minutes to join the earnings call. Seriously, the call was 17 minutes and 31 seconds long. When asked if they could comment on the lending operations segment, the director said, "We're not looking to take questions on the specifics of Lending Operations..." That's their only segment. It's literally what they do.

The stock fell 60% after-hours and is down 73% in the past 5 days. It's trading well below the $50MM market cap required to stay listed on the NYSE. Somehow the CEO is still employed, or at least there haven't been any press releases yet announcing his termination. That's the only explanation for him not being allowed on the earnings call, right? They're canning him?

The transcript is just hilarious. I highly recommend reading it.