Wandisco Share Discussion Threads

[cc2014] 28/6/2023 12:56

Presumably they have to do the fund raise first to get rid of the going concern problem.

[bones698] 28/6/2023 12:20

Tom agree with that pretty much where I think they will be 30 to 50p to raise the money. Around 100m shares depending on price . Will be I teresfing to see what happens when it's lifted I suspect it will immediately go to the price of the funding . From there it will depend on demand for the shares and/or sentiment . Also worth considering that they are burning through cash at an alarming rate so 30m won't last that long .

[74tom] 28/6/2023 12:04

Equity issue 3rd July, suspension lifted 7th July - popcorn ready for next week...

I'd be amazed if they get the placing away at > 50p, which would value the existing equity at ~£33m and mean the new equity would own just shy of 50% of the company.

[spectoacc] 26/6/2023 15:34

And another RNS (or is it PR?). Love how they write out today's contract figure in full - where's the cents at the end?


"As evidence of this, WANdisco has today announced a new two-year agreement valued at $113,125 with Accenture, which will use WANdisco Data Migrator to support the data modernization program for a leading Australian bank."

[dr biotech] 26/6/2023 11:37

To put things in perspective, their largest "order" was about $31m, or 300x the size of this deal. How the alarm bells didn't ring is ridiculous. Sheer incompetence if not criminal.

I can't ever see this making a viable business. Perhaps the market slump will make refinancing impossible and that will end this shambles

[cc2014] 26/6/2023 11:03

Er, no what I think it shows is that they have no other orders over the value of $100k in the last few months.

[bg23] 26/6/2023 10:46

but, it does show a degree of efficacy in the companies product range

[itscominghome] 26/6/2023 10:20

120-25 when they come back

[nimbo1] 26/6/2023 09:25

Not sure that contract will be enough to get the fund raise away lol.

[cc2014] 26/6/2023 07:27

You must be absolutely desperate if you are releasing an RNS for a sale with a value of just over $100k

[bones698] 26/6/2023 07:17

Deals look quite a bit smaller now than with the other sales guy . That's not going to justify the losses here at all and is a far cry from the revenues they reported . Long way to go here and it will get hammered on its return if that does happen .

[albert zog] 22/6/2023 07:03

Probability of successful fundraiser ?

[spectoacc] 22/6/2023 06:48

Got to laugh - Seeking Alpha were long WAND, are now trying to justify having been so. And love the description of the problems as "..An accounting issue..", as if it was a few wrong numbers on a spreadsheet, nothing to see here..

[cosmoskramer] 22/6/2023 05:40

And while you are at it, be skeptical, extremely skeptical, of publications such as Seeking Alpha. It is quite possible that there is some financial arrangement between WANdisco and Seeking Alpha.

[cosmoskramer] 22/6/2023 05:12

Take a look at this report by Seeking Alpha:

Consider this: The paxos technology touted in the article is used for co-ordinating multiple potentially conflicting writers. All the use cases mentioned here, including the IoT use case, have exactly one single writer. Hence Paxos is completely unnecessary for these use cases. Perhaps that is why there are no customers for the product? The Chief Scientist, CTO, VP of Engineering, etc. should be hauled before the FCA to explain this.

[by_this_time_next_year_milliona] 20/6/2023 22:36

The FCA extended the investigation timeline to 1 May 2021. This probably means that fake sales were recorded in Fiscal Year 2021. That implies the FY 2021 books were cooked. There is no way this happened without the executive team's knowledge.

Here is the management list prior: hxxps://web.archive.org/web/20230331033315/hxxps://wandisco.com/company/about-us

Would it be a stretch to say that any exec on the above list, but not currently listed was likely involved?

[wh1spa] 09/6/2023 20:19

It was well known in certain II circles that this looked like a dodgy outfit. Amazing the FCA (Fireguard Chocolate A) hadn't heard earlier.

[hedgehog 100] 09/6/2023 14:43

Surely many existing shareholders will have a very strong claim against the company for some/all of their losses ... though only worth making if the company had any money to pay them.

In which case there would surely be a real risk that much of any new sums invested would be eaten up by legal costs and compensation.

Even without this risk, the amount of new investment sought would look to me to be incredibly difficult for a bad business in bad market conditions.

But with this risk, it should be well nigh impossible.

Why throw good money after very, very bad money?

There do seem to be some pretty stupid institutional investors out there, but surely not THAT stupid?!

[nimbo1] 09/6/2023 12:08

They should definitely put AI in the name - the insti's will back it at £15

[owenski] 09/6/2023 11:12

Valerie's Disco