I could be wrong, but I disagree. Companies in this position don't have the luxury of trying to undersell themselves to then orchestrate a miracle bounce back. The complete loss of market faith means even the slightest mis-step is punished severely. I mean, look at today: a pre-market open poster was suggesting this news was priced in - clearly not. This is a pretty critical time with the old CEO/CFO combo out, and new management freshly in. What this interim report says to me is that this ship could take a long time to turn around, and with interest rates rising and tech being punished, who really wants to hang around and wait for that?
