No offence mate, but that’s classic confirmation bias. Try to consider why would this now be the point that they finally decide to conserve cash and cut salaries, if they were genuinely only weeks or months away from closing a transformative deal?
When things are going well, and a deal is imminent, management don’t batten down the hatches and cut their salaries. For those willing to pay attention to clues, this is a key indicator that it ain’t going well, and it’s more likely than not that they’ll either have to cut an extremely dilutive and exploitative deal to proceed with the Renard option, or they’ll have to forgo the opportunity.
WR1 Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
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