NEWSFLOW

WANdisco (#WAND) – appointment of Ken Lever as Interim Chair and Chair of Committee supporting current “irregularities” investigation

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The fraud WANdisco – it was always a dog

Yesterday we learned of the mammoth fraud at Wandisco (WAND) which may well sink it. Bulls always pointed to huge forecast earnings but while the FCA always tells us that the past is no guide to the future it often is. We perma bears pointed to the actual numbers.

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Wandisco – a $1 billion fraud blows up on AIM

If I had a quid for every time I warned that shares in Wandisco (WAND) were at a bonkers valuation based on reported revenues, I’d be able to buy a season ticket at Wrexham. But today we discovered that most pf those reported revenues were made up and that the size of the emerging fraud was big enough to bankrupt a company which, at £13.10, was capitalised at £863 million. Now the shares have been suspended as investors face calamity in AIM’s biggest scandal for years.

NEWSFLOW

WANdisco (#WAND) – SHOCKER! significant irregularities discovered, going concern uncertainty, shares suspended

NEWSFLOW

WANdisco (#WAND) – “in the early stages of proactively exploring” dual-listing in US

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The Wandisco share price is insane

I have a lot of time for Wandisco (WAND) boss David Richards and his tech business clearly has some traction. But the valuation is surely insane.

NEWSFLOW

WANdisco (#WAND) – emphasises H1 bookings up to $27.3m, but P&L?

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Wandisco – absolutely appalling MBE winning results – when will this £170 million bubble burst?

A week ago, Dave Richards - CEO of Wandisco (WAND) - was tweeting pictures of himself suited and booted, as well as his Mrs dressed up to the nines, as they headed to the residence of comrade Elizabeth Windsor. Today, he proudly waffles on about 2021 results from Wandisco. Only when you read the notes buried at the bottom, are you reminded of the dire realities. It could go bust, and will inevitably do a bailout placing - but is that enough? This is a train crash, and, rather than serving up nauseatingly misleading statements, Richards should admit to the facts.

NEWSFLOW

WANdisco (#WAND) – 2021 loss (natch), notes to accounts include need of “at least” $17m from a share placing!

NEWSFLOW

WANdisco (#WAND) – Q4 update, argues 2022 “confidence” but financials?