RE: ShareProphets article23 Sep 2015 16:02
This was always a stock where the story was better than the substance. David Richards is a consummate salesman, and someone who can genuinely see the potential for a business such as WanDISCO, unfortunately it is taking longer to achieve than he thought probable, or which the company is able to fund. Cash does look awful, and despite having changed advisers a few times it looks hard to see who is going to come and finance the (probably) highly dilutive fundraising required. A real pity, a great story, interesting technology, just over-hyped and under funded.