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Cirata ( Wandisco as was) from $30m fund raise to material uncertainty and a warning in just nine months!

By Tom Winnifrith | Thursday 4 April 2024

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.

Way to go chaps. You can change the name, you can get rid of bosses who awarded themselves huge bonuses AFTER massive fraud emerged, but once a dog, always a dog. Just nine months after raising a bailout $30 million at 50p ( having had its shares suspended at c£13), Cirata (CRTA) has served up results, a piss poor trading statement and has had to flag up a material, uncertainty. Ouch.
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