Vindication! Vindication! 6 years of warnings from ShareProphets: Now PureCircle “discovers” even more fraud!
Previously writing on Windar Photonics (WPHO), towards the end of last month I noted intra-day (hmmm!) “Auditor Resignation” (uh oh!)… – concluding, with the shares further lower to 42.5p, jam tomorrow is with a still market cap here of circa £19 million and the auditor having resigned after also it noted on last year’s results; “The Independent Auditor's Report on the Annual Report and Financial Statements for 2018 was unqualified, but included a reference to the material uncertainty related to going concern in respect of the timing of future revenues”. With that certainly looking to remain the case and the rest of the above, natch, still bargepole / sell. Now it’s intra-day (this time 1:50pm) “Trading Update” (uh oh!)…
An intra-day (rarely a good sign) announcement from wind turbines “light detection and ranging optimisation systems” company Windar Photonics (WPHO); “Auditor Resignation” (again rarely a good sign!)…
Shares in wind turbine technology company, Windar Photonics (WPHO) currently trade more than 20% higher, above 100p, on the back of an announcement of “a repeat order for its WindEYE LiDAR wind sensors from a large North American wind farm owner and operator for immediate delivery”…
Having listed on AIM on 30th March this year, wind turbines technology company Windar Photonics (WPHO) announced results on 29th May including that “during the last financial year we have managed to meet our sales targets and are now well positioned in the current financial year, particularly in the Chinese market”. There is now however “a trading update based on the company’s performance during the first five months of 2015” which includes that “the directors anticipate that there will be a material revenue shortfall in this region (Asia) for 2015… this will have a consequentially material adverse effect on the group sales and losses for the current year ending 31 December 2015”. You what? …
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