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Wandisco: I smell an enormous rat: where's the money going?

By Tom Winnifrith, The Sheriff of AIM | Sunday 2 October 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


On Wednesday, cash guzzling over-ramped serial non-deliverer of anything other than jam tomorrow Wandisco (WAND) announced that it had a new CFO at 7 AM. At 10.41 AM Thursday the company's founder, CEO and all round head honcho David Richards walked with immediate effect. No credible reason was given for his departure. I smell an enormous rat.


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