RE:Think Webcast Live at VirtualInvestorConferences Apr 7 10amFor the most part the pitch has remained constant however SA cited analyst 2022 estimates rather than prior Think Research guidance in terms of outlook. Analysts estimate $91mm in rev vs. guidance of $90mm to $100mm in rev for 2022. No explanation was given as to why the change so investors are left to interpret. Combine that with the CFO departure and the optics look terrible. Explanations for the share price being so low during the presentation were repeated (i.e. lock-up period ending, tax loss selling, being a small cap company).
Reality however is that most analysts reduced their estimates due to expected Q1 pressures related to temporary COVID lockdown measures and a resumption of growth thereafter in line with management. That is quite logical but without explanation by SA it looks like the company is failing to deliver rather than it being a temporary issue PLUS not providing any explanation for the shift makes it look like Think is trying to hide something or embarrased to acknowledge (even if reality is quite different). Regarding the CFO departure, Jae has a long history of very short stays at employers before jumping to a new opportunity. SA probably should have considered that before hiriing him. The CFO has also recently been selling shares, possibly automated and related to his departure.
Oak Hill in their agreement with Think Research has likely already been issued cheap shares (it was to be anytime after April 1st). Ideally this means that the incentive now exists for them to boost the price vs. prior their incentive was to see the share price get as low as possible to maximize the number of shares they would recieve.