I suspect EWC is now too toxic for most analysts and fund managers.
Professional analysts (aside from those pitching to place debt or securities) would be asking serious questions about EWC's missed deadlines, broken promises, and lack of honest disclosure. Most analysts will then call BS on SE, GE and BA if they attempt to fudge further. I doubt that SE and BA instinct to hide facts have changed, and any roadshow might be called off if robust explanations are not forthcoming.
Even it there is good news coming and the analysts like the story, it is very possible that EWC 's nest is now so foul that no analyst will be able to call it a buy until some time after the facts on the ground change, and it may even take a fairy godmother to launder the team. A buy recommendation would need to include a call that the information provided by EWC is now credible. To call a buy on this company and have the coin lands tails again would be professional suicide (or a "learning curve" for some junior analyst set up to take the hit). To buy the stock a fund manager would be taking professional risk if the company performs as it has.
That said, EWC may be able to get into the door of a few funds on the back of Capital's ongoing support . But even then lack of liquidity it would probably need to be a placement (perhaps to pay out slipform???) and even then would be looking for liquidity to exit.
I am not intending to be negative here - just realistic. I think the stock will remain the preserve of private value investors who may or may not give us an exit. EWC will need to start acting like a public company, or get sold, to realise value.
Once again it falls to EWC to come up with a plan to detoxify the name, and normalise the company. I just dont expect them to tell us about it.
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