On 27th June, AIM listed Outsourcery (OUT) announced that it was holding a “Capital Markets Day.” Hmmm, this is an £12 million capitalised AIM listed POS with pretensions is it not? The company started with a raft of positive guff but then – if you had not fallen asleep and got to the bottom of the release – found that it was admitting that it was a year behind schedule and needs to raise cash this year to keep going. Now even prostitute researcher Edison is sticking the boot in – what it says and what management says look very different to me. Why would anyone refinance this train wreck?
The company describes itself thus: Outsourcery operates a highly disruptive business model as cloud-services increasingly remove the need for organisations of all sizes to consume co-location, managed services or small, purpose built private clouds.
Hmmmm all the right buzzwords in there (managed services, cloud, disruptive – a bonus for that one). Surely a sell signal.
Outsourcery said