Uniti was a loss making business with a poor management record.
They merged with Fuzenet which was a profitable business only a couple of months ago.
Uniti has raised a heap of money over the past 2 years at a significant premium to the IPO price. There is heaps of pissed off shareholders looking to get out with at least some of their money.
It could take sometime for stale holders to exit and the new management and the Uniti model have yet to prove themselves.
UWL Price at posting:
21.5¢ Sentiment: None Disclosure: Not Held
