Member Info for Walkley

Cant find any mention of Hedin's view on this deal. It appears to be worth about 29p (not sure about this though) which is what Hedin bid and said would accept 35p. Perhaps Hedin will bid again.

Presumably those who bought at 50p concerned at the lack of actual contract announcements. We will look silly if 5 contracts announced tomorrow!

As the CFO said in the presentation timing of new contract signings could slip, and cash from them may not arrive until 2024 - Q3 has only 2 weeks left and only 1 contract for $400k (probably over a number of years) has been signed - Needs 15 contacts with cash now to meet the target. They have promised to announce all the contracts even small ones. Not impossible but a big mountain to climb. If Q3 is disappointing price may fall further until more contracts are announced.

Very appropriate new logo for Cirata - a pile of £ notes being blown away!!

'fraid so 87p a month ago - now 55.4p. The market has yet to be convinced, it needs hard facts (sales) not just forecasts.

I admit that I could easily be compared to a rubber necker looking at a crash on the motorway. But have lost money on Wandisco and so think it reasonable to take more than a passing interest in what happens next. MBA students will no doubt have to write case study papers on this company. I have not yet seen anywhere what has happened to the "rogue salesman" - has he/she even been sacked? Has the company pursued him/her for repayment of commissions and bonuses. Have the managers and directors been sanctioned for their failure to spot what was happening under their noses. What about their bonuses?

I think anyone new to this share should be informed about what has happened. I wont be buying at any price until I see evidence of substantial new business .

Biztech says in his video that Wandisco [only]needs $2m a month sales to break even. Sales in the 6 months of H1 were $3. The business needs 5 GM sized contracts every month to hit the $2m figure - which I think is on the low side. if the technology is so wonderful perhaps Wandisco or Cirata should sell it to someone and close the business down before all the cash raised has gone..

Think companies will be reluctant to sign multi year deals with a business that currently doesn’t look as if it can last beyond 2024. Without a lot of new signings there is no way that they can meet their forecasts. Have signed 2 new contacts in last 4 months - one tiny.

Institutional investors can sell too, including those who bought at 50p. The lack of any announcements of new contracts in the RNS cannot have helped the share price.

When is the FCA report due?? What penalties can they impose? Can shareholders who were mislead by the announcements of contacts expect any compensation.

FORECAST closing cash position as of 31st December 2023 of $16.0m to $16.5m. ACTUAL end of 1st half cash $3.2 plus $30m fund raise - means a cash burn in 6 months of $16.7m - if the forecast is right. Will the company need to raise more cash and if so at what price?

RE RNS: Results for Jan -June will show current rate of cash burn and if the business has enough cash to be likely to survive - and surely management will comment on current trading. From the annual accounts said high $5m creditor figure included bonuses due. If they have been paid after what has happened then everyone should sell - the company is doomed!

Only 'cos I sold holding at 120p - mostly at much, much less than had paid for them - though had bought some post fraud debacle, at £1 - the lack of any news persuaded me to sell.

On the contrary - listen to everyone and make your own mind up. The lack of announcements of new contracts (only two this year) has been worrying, especially as they promised to post details of even small contracts. No trading updates even at the AGM clearly caused the share price to weaken. An update is promised on Monday - it may change sentiment here and send the share price back to £1 or down to 50p but no one posting here knows what it will say.

OR - some of those who bought at 50p are selling.

Manifesto how do you explain the share price since the AGM? Share price 30 August: 83.8p. Share price: 6 September 70.8p – down 15%. The market clearly didn’t believe or didn’t hear the VERY BULLISH STATEMENT AT THE AGM. The best way of giving the market information is to use the RNS system.

I admire your optimism. Company had $19m cash at end December but owed $5m - largely ‘cos of bonuses due !! Raised $30m but unless sign 100 new contacts the size of the GM contract every year will still need more cash soon.

Unless the 1st half results are published soon (last year was 6th September) there is nothing to stop the price dropping

Good to hear that sales are over £1m a month as this is much higher than the £600K a month average for the last year which are the latest figures released by the company. Would help the share price if the company issued an RNS confirminf=g this and the pipeline of new contracts that people who went to the AGM say they were told.

Companies are unable to give out any information that could influence the market at an AGM unless they have previously issued a RNS so that all shareholders have the information. Very odd to hold an AGM without giving out a market update.

I will be staying away from Wandisco or whatever the new name is.