I think a reduction in cash receipts quarter-on-quarter in a "high growth" tech company with a $500m valuation is a MASSIVE problem...
Is it really "a little worse than you expected"?
And importantly, what this company has termed a "major agreement" may not necessarily actually mean "major agreement". So really, no investor can actually ever say they are certain what "potential growth" may look like.
Unfortunately I can see a lot of holders rationalising their predicament by thinking - "wait until the next announcement", "this next one will be the tell all", "the product is good" etc.
In the end, the facts are that there have been a million and one red flags - hopefully everyone learns from this fiasco going forward.
GSW Price at posting:
$2.92 Sentiment: None Disclosure: Not Held
