I have previously held GSW and was keeping a close eye on them....

I have previously held GSW and was keeping a close eye on them.

After this I'll be keeping well clear. My personal view is that there are so many companies out there to choose from you just don't need to waste your time with a business whose announcements may or may not be trusted.

Announce a major new client apparently without their consent. Overstate the nature / value and when it doesn't proceed past a month's pilot you keep quiet about it.

Worse - they don't appear to believe that they've done anything wrong.

I'm sure they'll bounce back and good luck to anyone who braves the wipeout over the next 2 or 3 days. I'm sure they'll bounce back but for me they've cooked their goose.