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

By Tom Winnifrith, the Sheriff of AIM | Wednesday 15 June 2022

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.

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.

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