I've spent a few hours digesting the latest update. If poc1/Philips has fallen over, then GC needs to go. He talks a big game but clearly he can't get a deal across the line.
According to GC at the recent investor presentation we have 10x10m deals just seconds away from being signed - hmmm sure... - Shall I list the number of times he's alluded to deals in the past few years? Disallowed salesman comes to mind.
ADO will rerate with the acquisition as it derisks but my confidence in the companies ability to close deals is troubling. Do I want to spend even more money on a great product with flaky management??
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- Ann: Appendix 4C September Quarterly 2015
Ann: Appendix 4C September Quarterly 2015, page-40
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