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It should be top of his list of priorities
This is why I'd agree with Hit how can investors trust AB after the last funding fiasco ( we are fully funded lol )turned out to be a load of tosh.
His priority should be to sort the funding and issue an RNS updating share holders of the situation, not posting cryptic tweets that frankly i'd take with a pinch of salt.
Jsmith I agree it’s free advertising for them I’ve been sharing and tweeting all of big dishes material probably my Facebook friends think I’ve gone mad lol
Sam I agree yes once website is up and running, but when. It is they really need to start pushing the social media even a post multiple times a day, fancy a pizza, pizza but, Steak Miller & Carter and push that. Throughout the day and share and like to thousands it’s free and effective
And trump they can only issue 20% of current shares, learn the rules before you start posting.
And also dish are now out of the period where they would have had to issue a new prospectus to do a placing
Jsmith Aidan confirmed in his email to me he would be sharing on social media I think they have had a few issues getting all the locations up and running so better to have it all good before sending tweets and putting it on FB etc so will happen in the next day or so I imagine I see us having a better day tomorrow towards 3p
Greenspan, bids admitted they needed cash, no one was in denial.
You seem to think of yourself as some sort of truth speaker when half the time people agree, bids needed cash, dish need cash.
Problem with dish is if they end up going down the placing dilution route then it won’t end well as they can only raise 20% shares due to being main market.
Also, I presume Tanya is posting about solicitors. Still never heard about the issue you reported me for, I guess dish never could prove they have an investor from the last placing.
But, difference between us Greenspan is I can see that dish has turned a corner re restaurants, they still have the funding hurdle but from an app and restaurant point of view this is all in their hands now.
They’ve got the restaurants, now they need to get this app out before they miss too much of the eat out deal and get the download numbers up. Lots to do but they are in a much better position then a month ago
How much money do you think they will need to raise
Without income for 6 or 7 months I would imagine in the region of 3million being needed to keep the cogs turning for another year at the current M/C that would equate to approximately another 120million shares hitting the market.
80million shares = £2million I don't thing 2 million would be enough so if its 3million they wouldn't be far off half a billion shares. Wow
The big cloud from Ron's rear end....again coming from someone who said they've jumped ship and no longer interested in bigdish is still on this board with more attempts of scaremongering...(look out for those words like tick tock, judgement day etc lol). Hopefully as you say if they do have 20,000 restaurants on board (realistically half that amount by the end of year) the majority of those restaurants will remain on board - according to their website they're charging £50 a month per element which is next to nothing. So do the calculations of what will come. In regards to advertising... the restaurants would most likely divert customers to bigdish, having customers steer away from just eat or deliveroo to avoid getting wacked on commission fees. It's all one step at a time once the restaurants reach a good number in all locations they will put the strategy in place for marketing, which is most likely already thought of.
They could have 20,000 restaurants on the app
But without money it won't make an ounce of difference
As I said their hand gets weaker by the day
The markets not daft 6months ago with 2000 restaurants and significant chains on board this would be in the region of 15p to 20p a share. Today it dropped 8% on news TGI's where onboard.
All because the situation has changed, and with money shortly due to run out, the financial position is approaching desperate, any potential investors will know this.
It should have all been wrapped up 6months ago not last minute.com
Who will stump up money to keep them afloat ?
The only funding I envisage is by way of massive dilution, leaving current investors battered and bruised.
The board can always award themselves more shares to minimise their own dilution by way of the salary sacrifice scheme. Lol
Sam appreciate the stickers but imo not that effective, have a look at BigDish Instagram page no update on the chains Pizza Hit etc
Facebook, twitter and Facebook can reach thousands if not million, there need to be more emphasis on posts, sharing, updating etc
You can have 10000 restaurants if nobody knows there on the platform and what BigDish is it won’t get the exposure it needs
Jsmith i can answer that, Aidan confirmed stickers would come to each restaurant so every Pizza Hut, miller and carter etc would have them meaning free advertising of the app!
Ronald it would put them in a much stronger position for funding to have 10’s of chains signed up than have none at all and still need funding in my eyes they are doing it the correct way round and as Tanya says we’ll have revenue from the app come January as well!
Tanya 1 question Dishbis not advertising/marketing these new chains app & the chains aren’t advertising Dish so how is anybody know the chains are on Dish’s platform?
Hanging over this at the moment and that's the financial situation.
I believe if funding was in place the market would have been updated, with no update it leads me to believe they are no closer to securing funding now than 3months ago.
Their hand gets weaker and weaker by the day
Judgement day is fast approaching and if there was any boutique investors half interested they would know dish are desperate for cash and as each day passes there position will get stronger and stronger.
Think about it without money BigDish will no longer be here.
Why would some angel investor pump millions into this when they could simply sit back watch the ship sink and pick it up for next to nothing.
Tick tock