DragonWave Inc DRWIQ

News

[bailey2]

I guess Haw is starting to feel the heat from all sides. Going to reduce costs a further 30 per cent to get to breakeven asap. I'm sure their financial credit lender has givin them the ultamatum. Who here thinks they are going to issue a boatload of shares? At a very low price?

[SSRT861]

Seems odd that Claude Haw (Chairman) is issuing this cost reduction statement. One can assume that Peter Allen (Presisent and CEO) may soon leave Dragonwave  or has already left ? 

[Chauhan]

I agree, that is odd.

[Bigpaulbunyon]

Yes I am very afraid of that , better to get their credit upped at least to cover the next 3-4 Q,s 

[barneyj44]

Wouldn't surprise me in the least if Allen gets a Golden severance package before we reach Chapter 11. As far as I'm concerned Hawe has been a lame duck yes man for Peter....

[SSRT861]

Approximately 6 months ago, I contacted Haw and expressed my concern on the decline in shareholders'investments, and also, the Board need to take immediate action to replace Peter  Allen (CEO) since he had a track record of over 5 year in delivering significantly poor financial results, and neither him nor his management team have purchased any shares oof DWI. Further, I noted that one

[ROUGETRADER719]

what did they say ? im starting buy some of this

[Bigpaulbunyon]

Well I thought I the sp speaks for itself, after that news. I think some unloaded a number of shares after that uptick . Why would any bother exercising the warrants ??? Mind you if the one up with an offering I may be very tempted to bite. If they came up with another 20 million I would buy more shares and give them another few quarters to see what happens 

[bailey2]

I'm not reading as much into the fact that Mr . Haw made the press statement . Perhaps it was in response to the emails from shareholders in the past several days to him. His way of responding that the board is not sitting on it's hands. What I would like to see done is to execute exactly what Mr. Haw has stated in his press release. Streamline to the strong product mix, reduce costs an