TB Walked Away - For Now9 Sep 2022 10:28
Although TB walked away, they reserved the right to make another bid after six months. Make of that what you will - but to me, it alludes to TB retaining an interest in a takeover.
The boiler room boys from Shadowfall may be rejoicing for now, but Darktrace is likely to get taken over eventually.
What I can’t understand is why the toothless fairy which is the FCA allows a boiler room outfit to disseminate false narratives about Darktrace. They’re obviously fabricating fake news and shorting the company at the same time. There’s no way regulators would allow that in the USA so why do they allow boiler room operations to do it here.
Shadowfall’s erroneous opinions have no foundation- they are imaginary scenarios plucked out of thin air to support their short position. Tech products are more difficult to value than most other businesses - and Shadowfall are using that void to attack the company for all its worth. They are preying on the ignorance of investors, using fabricated scare stories.
The onus is on Darktrace to confront misinformation, otherwise markets are going to believe it. Hopefully Darktrace will issue a statement soon, explaining why TB walked away (for now)