Rightster will present at the Proactive Investor forum at the Chesterfield in Mayfair tomorrow at 6pm. To register please click here: http://tinyurl.com/nnnywk4
Good news. It goes some way to,explaining the recent Directors buys. Lol im still holding here and my faith could be justified. Gla
23 Jun '15
A good and fair question. One the board could/should address. Would be worth emailing/contacting them with this if you have the time and energy.
18 Jun '15
I know that opening with "I am not a holder here but..." is generally a preface to a de-ramp. This is not intended as such. I am interested in the business model here which I think looks v. clever. However, this seems to me to be a business of two halves. An agency business that makes a lot of money and a software development business that spends (even more). That is why there is persistent cash outflow. If that does not stop, then RSTR will run out of cash (again). As I can see nothing about the development spend maturing in statements the company makes, can anyone explain to me why that should not happen? Thanks GS
17 Jun '15
Directors(4) buy shares @ 18p
Directors spend £110K on shares @ 18p. Rightster Group plc (LSE AIM: RSTR), the cloud-based global video distribution and monetisation network, announces that further to the announcement of a placing to raise approximately £5 million on 7 May 2015, the Company advises that certain directors (the "Subscribing Directors") and senior managers have now committed to subscribe, in aggregate, for 611,108 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") pursuant to individual subscription letters at 18 pence per Ordinary Share (the "Subscription"). The Subscription is at the same share price as the placing, announced last month, reflecting the directors' belief in the future prospects of the business.
16 Jun '15
Here. This is indeed a company needing to communicate better. The recent issue of new shares at 18p if fully taken up by the main shareholders gives some reassurance.
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