Michael. I agree with you. I thought it was something to do with accounts, etc. but I expect it is good old ED yet again (Groundhog Day) and it is exactly what you say - some claim of inferior work and holding gun to head unless work redone, etc. And likely payment withheld. That makes sense. means that dog of a contract only gets worse. The other unfortunate thing is that at a $15m market cap the level of materiality of anything going wrong is naturally pretty low. so not too much needs to go wrong to result in a problem for a small public company and the need to make an announcement. Hopefully they come out of it a little more scarred and a lot wiser - but who knows
WDS Price at posting:
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