Aug. 11 at 6:47 PM
$AIOT the share buyback announcement (around
$3.80!) was a feign of hand and the market does not like it. They never had the cash for the share buyback anyways. A member of the audit Committee resigned shortly after the buyback announcement and before the BS guidance, which was then changed within a month, so now they are reaping what a market who has lost confidence looks like. The optics are terrible and I suspect there may be heads to roll after this. What they could have done is announced the additional contract size separately and had more SP growth and then made it much more clear that the delay is simply that a delay. They need new PR people. Losing over 1/3 of the SP smacks of incompetence.
