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Bullboard - Stock Discussion Forum DragonWave Inc DRWIQ

DragonWave Inc is a Canadian company which provides high-capacity packet microwave solutions that drive next-generation IP (Internet Protocol) networks. It operates through the single segment being Broadband wireless backhaul equipment which includes embedded software. The company's product line includes Harmony, Horizon, Avenue, and NetViewer. The company operates its business in Canada... see more

OTCPK:DRWIQ - Post Discussion

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Post by bailey2 on May 30, 2017 6:45am

Cibc

Downgrades to underperform. I don't have the report but perhaps someone can give their new price target if they have access. Sadly , the self inflicted pain that management has bestowed on their shareholders is coming to an ugly fruition. Whether a huge dilution of shares or court protection, an opportunity existed I believe in the past year to sell the company. Sad to say, without management and bod having any skin in the game other than bloated salaries, they chose this path. imho
Comment by jollynik6 on May 30, 2017 7:41am
Would adding another 15 mill shares to the float be so bad,would they be so STUPID NOT TO HAVE A PLAN WITH ALL THAT IS GOING ON-re Nasdaq, ECT,How could they not CLUE in to the fact it is a management problem,Produce or show them the door,Wonder what Tim McDonald thinks of this,Is he still a big shareholder. Any input here
Comment by Eyes on May 30, 2017 10:54am
Down to $1.15 from $14 and underperformer speculative from CIBC.
Comment by DuncinMcC on May 31, 2017 6:31pm
I was so angry when I saw the downgrade.  Such a tool.  His price target for the year was $14.  When I first caught wind of DRWI, it was in a bump - and I should have avoided it, but didn't, and it just dropped from there.  The only reason I went forward for the buy was the CIBC report.  I thought, "Oh, even if he is off with his projection I could still get ...more  
Comment by bailey2 on May 31, 2017 6:50pm
Listen , you can't blame Coupland of CIBC. They announced the Big Sprint Deal in the fall, They announced other wins, Italy, Australia, Argentina?. They announced more wins in 2017 winter months. The CEO said that they were going to make up  most of the revenue shortfall this past quarter. They issue more shares. They raise more money. The BOD announces breakeven ASAP. And BOOM! It was ...more  
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