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18 March 2023
By Maynard Paton
You’ll be able to turn out to be a greater investor by sometimes visiting the stock-market graveyard.
One firm that now appears destined for the cemetery is WANdisco, the software program developer that the opposite week all of the sudden warned of “important, subtle and probably fraudulent irregularities“.
The shares have been suspended whereas impartial investigators work out what precisely has occurred. Remarks together with “important going concern points” make for grim studying:
“The identification of those irregularities will considerably impression the Firm’s money place and result in a materials uncertainty concerning its total monetary place and important going concern points. The Board now expects that anticipated FY22 income could possibly be as little as USD 9 million and never USD 24 million as beforehand reported. As well as, the Firm has no confidence in its introduced FY22 bookings expectations.“
I wrote about WANdisco for SharePad throughout Might 2021 and the bombshell announcement should immediate a revisit. What can we study to assist us keep away from the subsequent nice funding catastrophe?
Let’s take a more in-depth look.
Learn my full WANdisco article for SharePad.
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