Without the WIG deal HUB24's increasing their FUA by approx $20mil a month. One'd expect that to take a hit given client's confident in them due to the board turmoil. Hence why I suggested assuming the effects of the "good" and bad event cancel each other out (as you have suggested, the WIG deal may not necessary be good for INQ!)
I'd suggest you could be spot on re: HUb24 guys wanting their product back and finding another backer, which started the board spill ousting non-Hub24 guys including David Spessot and the former IWL crew. I think the spill led by Hugh Robertson + Thorney essentially reflects that where he mentioned the board is there to look after all shareholders rather than a selected few especially when there's an obvious conflict of interest (HUB24 guys owning the board + running the company)
See - http://www.theaustralian.com.au/business/financial-services/stockbroking-firm-investorfirsts-board-in-turmoil/story-fn91wd6x-1226492384134 )
The perhaps brighter side of this is that with Thorney's crew taking over, hopefully they'll bring some order back to the company.
I just want my money back basically :D
INQ Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
