WANdisco – share price rise despite funding crunch ahoy; there’s not a bargepole long enough
By Steve Moore | Friday 22 April 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.
March-announced results for 2015 from WANdisco (WAND, the self-described provider of whatever “enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability” are) included that the company had required to make the first drawings on a $10 million revolving credit facility after a $26.1 million net cash outflow before new financing saw year-end cash at $2.6 million. This saw the shares on the retreat back towards 100p, but they have since recovered to a current 175p. Hmmm…