2 weeks after re-confirming guidance when the new CEO mysteriously couldnt be bothered to move to Australia, the management have downgraded their guidance. Surely the management knew two weeks ago how they were tracking and thus appears they blatantly lied to the market, seemingly to soften the blow of the CEO announcement. I have lost all trust in this management and seems the market has too and punished accordingly. If I was still holding, I would sell and move on. It may appear "cheap" but i can imagine that it will take the market a long time to trust this company again.

Wow, the newly appointed CEO for Atomos Estelle McGechie is leaving already after only a couple of months! She cant be bothered to move to Australia to run the business. I dont know if i believe that or there is some other underlying reason. But either way its not great. The company has reaffirmed their guidance but the red flags are too much for me. I will be selling my holding.