Misleading and deceptive conduct of AFR, page-111

The values of the CBA deal can't be a fall back. The issue with CBA deal is in the December update they paint a picture its passed a pilot and big roll out and revenue around the corner. AFR article states CBA says its yet to finish pilot. In both announcements, the words pilot and trial aren't written. The announcements promote success and only the figures are max revenues. If CBA pilot doesn't stack up, they can and will walk away.

The other fallen through deals, may be small but what is shows is management trump everything up and don't disclose thoroughly. Well they disclose good news with little substance and hide bad things. They may be small but are highly material to the company from revenue perspective given the low base. This suggest management have low integrity and credibility.

A lot of the longs here seem to dismiss these deals because they are small and rely on the big transformational deals as to why GSW will be great still. The large deals seem to be promoted in the same way, thus they could be passing off pilots and such as done deals whilst promoting the biggest numbers possible from them, with no indication of what is realistically achievable. If management have mislead what these small deals are in fact, how do you not know that these larger deals aren't of the same nature? As a long, I don't think you can rely on these large deals being sound or worth much as there is now an elevated risk they could be smoke and mirrors. Any one long in this needs to have a hard think and consider their risk exposure to the stock. Whether GSW ends up still a legit/sound or a potential promoter/fraud stock, it is going to be a choppy ride in the near term.