Well I am certainly not happy about this and it seems a poor outcome for the sake of a relatively small amount. They may not have had a choice given what's happened with Verizon and the time taken by carriers to get the product launched, in the face of known outflows which they must announce in the 4C at end of January.
The only positive that I take is that they did not go in for a very large CR in the first place, which indicates that the company believes revenue will start flowing soon.
It is now time for management to deliver.
SYT Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
