Wandisco Share Discussion Threads

[spectoacc] 09/6/2023 10:06

Patisserie Quindelco.

[strange1] 09/6/2023 10:03

Probably rename itself "Quindellco"

[owenski] 09/6/2023 08:37

No results to quantify whether there is a business worth investing in.

No existing players want to be diluted - yet again.

Raising cash in the markets for this fraud outfit - well, it's gonna be interesting.

Good luck on all that.

[nimbo1] 09/6/2023 08:31

yes I've had one other - Pursuit Dynamics. Also run by a charlatan at the time. Huge insti support... same situation as here really.

By worst investment I mean most expensive!

The one thing I will say for wandsico and this turnaround plan is the team the have in place is very credible. Kelly was / is a shareholder in wandisco, sits on lots of technology related industry stuff with captain smug Richards. He's probably very annoyed and that's what's driven him to take over.

[spectoacc] 09/6/2023 08:20

So perhaps coming back end of this month.

You must have had a zero sometime @nimbo1! I've had several.

Not sure I made sense of this:

"...A range of options that emerged during shareholder consultation are being actively examined in detail and evaluated against certain criteria. Those criteria include:

-- equality of treatment for all shareholders;
-- the effect of any fundraising activity on the underlying value of the outstanding equity (including any requirement for covenants and refinancing risk as appropriate);

-- the ability to execute a capitalisation in the timescale available;
-- regulatory constraints;
-- completion of the FY22 audit sign off as a going concern ;
-- minimisation of dilution; and
-- an orderly readmission of the Company's shares to trading on AIM. "


Is that saying no rescue rights? Open Offer maybe? $30m, against what the market cap will/should be, is going to be very interesting.

Presumably capital providers are convinced there's a business worth saving, hiding somewhere within the loss machine that is Wandisco.

Not that it will still be called Wandisco - classic ploy, to change name.

[nimbo1] 09/6/2023 08:08

Well they are going again. Love it - the capital markets never fail to amaze me.

This is my worst ever investment btw!

[dr biotech] 06/6/2023 17:11

Any fund manager putting his clients money into this should also be forced to use their own to a similar extent. Absolute barge pole.

[owenski] 06/6/2023 16:51

Stripping out the total fraud, I don't see enough of a growth business to bung rescue funds into.

WAND, is just a glorified pay as you use App. on someone else's platform. It was always touted as must have technology, but interestingly, the'growth' never happened, and when it appeared to be happening, it was just fraudulent numbers.

[cerrito] 06/6/2023 16:44

Good to see a 78pcvoter turnout for the GM as there will be many like me who have rather lost the plot of what is happening here.

[by_this_time_next_year_milliona] 05/6/2023 20:22

Any of you Rodneys planning to attend the presentation by the new Del Boy tomorrow? Would love to meet and commiserate the misery.

[owenski] 24/5/2023 12:23

Some big losses from well known investors on here, hopefully they will be pursuing cheesy grin Richards and fatso Millar. In no way can the CFO not have had oversight of what was going on here.

[respawner00] 24/5/2023 11:38

Don't think there is anyway back here

[yamscat] 23/5/2023 07:06

Before the "$30 million offer next month", will we get the report from the investigation into the "fraud" ?


Will this be made public... will the company have enough money to pay for it...

[crypto_is_scam] 22/5/2023 17:23

$500M revenue. Bwahahahahahahahaha. Bwahahahahahahahaha. Sniff. New Chief Pumper at this old Pump and Dumper. Bwahahahahahahahahaha. Bwahahahahahahahahahahahahah.

[albert zog] 16/5/2023 10:51

That’s a great post CC

Suggests c40m equity valuation premoney - tops

30m new raise is just too much to ask for

There has also been severe multiple compression in Tech

[cc2014] 16/5/2023 10:28

Year Revenue/$m Profit/m
2017 20 (14)
2018 17 (20)
2019 16 (28)
2020 11 (34)
2021 7 (37)
2022 9 ???


Does this look like a business? Turnover falling, losses rising.

$30m is enough to keep them going for one year. Yeah I know they've cut costs etc. so one might argue ti could keep them going for 2 years but what's the point?

The idea is to invest in businesses that make money. Or perhaps not. I forget. The idea is to invest in businesses with no business but as long as the share price is going up and you can sell your shares to someone else at a higher price it doesn't matter that there's no working business model.

Until of course the share price gaps down 99% overnight. Strange that.

[spectoacc] 16/5/2023 05:53

Not their money - guessing most of them.

Key will be price. Guessing this won't be open to all shareholders, so what will the dilution be.

I still don't fully get how WAND have attracted seemingly decent management, yet don't (& have never had, & seemingly have no prospects of) a business model that makes money.

[owenski] 15/5/2023 20:35

"This $30m raise only works if one of the existing big holders underwrites it"

We will see which institutions believe in sunk cost fallacy then.

[albert zog] 15/5/2023 20:03

This $30m raise only works if one of the existing big holders underwrites it