I bought into Sarantel in September after hearing the CEO on WallStreetReporter.com. He was very bullish, saying that they expected to reach sales of 1m units within the financial year, and how they were expecting to reach the 2nd million within the following 5 months.
Given this was broadcast in August, didn't they know that problems with the new manufacturing plant were going to effect their output. Given the news of the delays in their new 'largest-ever' order, they ain't going to achieve 2m anywhere near soon enough.
I also read some rather optimistic comments in Shares magazine prior to the IPO. I would prefer our CEO to be far more conservative and to actually meet his milestones.
