Originally Posted by
BlackPeter
To be fair ... the difference between forecast and result is basically only this one chunky deal they hoped to close by end of December but didn't.
Still - unclear why they didn't disclose this fact already on the first business day of 2016. Surely - it can't take that long to find out that Santa Claus failed to deliver the $15 million present they expected?
They say they now expect (hope for?) the deal to come in this year, and if it does than they will be back on track (well - give or take a handful of millions). Still - after this result it must be the worst possible time to ask for more cash. The WYN directors belong in my view on the "never-ever-again" - list. I definitely will vote against them in any board I have interest in.