Loving the power of the shorts on Friday. They applied the sledgehammer from around $1.72.
They sucked in those who bought on FOMO. From hearing the video, 2-3% out of 6% of CRA customers are also VHT customers. Tells you customers are very disloyal to CRA and could go to VHT. Now since these customers will seek services at the rebranded VHT they might go elsewhere as they will realise they are not getting a better service.
ARR is at great risk when you have similar customers.
It happened with MRS, but that was a bonanza deal relative to CRA. This was an overpriced purchase which diluted shareholders and will see increased opex to integrate.
