Member Info for Hastings74

The announcement that they are now listed in the Google Cloud Marketplace might have helped. Although the Microsoft Azure partnership 3 years ago never really took off .

I hope we get aome more good news from Cirata!

I'll keep my fingers crossed, have you seen Richard Baker's post on Linkedin? Mr. Ashley got promoted to International CTO. Does that mean that the other CTO is leaving Cirata?

Or the extension they mentioned back then for GM? Maybe it's just the additional financial runway they have, because Kelly decided to fly coach to the US (Linkedin post). Let's hope for the best!

Let's see what the next quarter brings... 42p doesn't get me that exited

I'm pretty green when it comes to trading, looking at the recent transactions you are probably right. As someone who worked in the industry for years, my gut tells me that we will hear a variant of the same story next quarter. Any software sales, who would try to get away with this, wouldn't last longer than 2 quarters. JM2C. I hope the next few months will proof me wrong.

I've seen that, in that press release they just mentioned the former CEO and CFO, nothing about other bonuses. Maybe I'm just bitter because I invested during the Wandisco days, but at least they should have the courtesy to pay the bonuses back. No matter what kind of irregularities, a proper company shpuld have safeguards to prevent something like that from happening.

Understood, but putting out a press release before coming to an agreement leaves me, especially at times like these, a bit confused. Let's hope for the best!

Nothing substantial outside the bonuses for the CFO/CEO.

That's odd.

Does anyone know if the former CEO and CFO paid their bonuses back? And whoever was responsible for the irregularities, what bonus did he or she get? Nobody ever mentioned that, or have I missed something. I also think it's a bit strange that Xenia Walters is coming back now for a short stint after having resigned a few days ago. Any thoughts on this? Dropped an email to investor relations, no response yet. I just hope they get it all fixed.

I do think there is a demand, at least there seemed to be one. Not sure if they can really deliver what they promise. The story about moving data everywhere without boundaries was very intriguing. That GM deal gave me hope: Look at the amount of data in automotive, I thought this might be the beginning of something real big, but I'm gradually losing my faith. Nobody in the market mentions them anymore, I'm not talking about the stock market. According to the posts on Linkedin Oracle seems to be a focus right now. Suprised that there so many VP's at Cirata and so little revenue. Just hope Stephen Kelly can turn it around.

As I said I hope you're right and I'm wrong. What suprises me, and this has nothing to do with Stephen Kelly, is that they're been around for quite some time and always overpromised big time. There was a times article listing these announcements. Let's hope for the best.

No, why is everyone with a different opinion a troll these days? I'm just someone who seems to have lost quite a bit of money. I'm a software guy with more than a bit of a cloud background, so I think I understand their offerings better than most. I don't know anything about the org structure, except for what I find on Linkedin, CROs and a lot of VPs. Deals that slip from quarter to quarter are never a good sign. As I said, I'm not much of an investor, it seemed like a valid opportunity at the time, but right now I'm not too optimistic. I hope the next few months will proof me wrong. GO Cirata GO!!!!

@Sinetta As far as I understand the irregularities happened in 22, right? What happened in the 18 years before? A lot of big announcements, but basically just burning cash big time. As much as I'd like to believe their forecast for 24, I'm having my doubts. Also Hadoop migrations aren't the hottest shxx in town, not superfancy I'd say. What happened to their Microsoft partnership? Does anyone know? Their current international CRO was with the company since may 21, if that guy is any good why didn't he sniff out the irregularities? Don't get me wrong, I sincerely hope, that Kelly can do his magic and we'll all be celebrating in December, but I think Cirata is different ballgame than Sage. Keep my fingers crossed.

I'm not much of an investor, bought some stock when they we're still called Wandisco in 2022. One of my pals from AWS told me that they see a lot movement in the that space. Don't know what happened back in March, but my 15+ years experience in Software sales tells me that the whole 'next quarter, slipped deals story' is a bit fishy. I'd be more than happy to be proven wrong, but they are around for almost 20 years now and kept telling the same story over and over again...

Did the same.

Why do they need 3 CRO's and a whole bunch of VP's? The metrics just don't make sens...