Yep, I posted some rudimentary arithmetic back in October last...

Yep, I posted some rudimentary arithmetic back in October last year on YOW that they needed to achieve well over 70% growth in the last 3 quarters of FY18 to achieve their re-affirmed forecast of 55% increase in revenue for FY18. That's after the first quarter was flat on pcp. People who believed management after such pie in the sky forecasts only have themselves to blame.

Also, anyone who's buying at current valuation based on cash in the bank should consider how much will be left in the kitty once they pay out costs, such as termination of contracts, etc. Even if they shut up shop today, I'd still say current valuation and cash in the bank are about on par. Given that it will probably take at least 6 months to fold the business from the time someone makes a move, current valuation isn't *cheap*.