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That's 3 x 500k buys you really are an idiot!
What I am saying monty, is that the trading patterns now suggest that there are reasons why the market has stalled at 3p, so the next move will be a retrace. Looking at the two 500k sells gone through probably explains why I couldn`t sell 50000.
The chart says down..unless they come out with something more positive than a few new restaurants a day, they might aswell have a storage wharehouse full of empty chairs...lacking sufficient revenues and the market knows it.
Quicko, I`m absolutely delighted with the IMMO update, making awsome progress, and for your info I topped up again at last weeks update at 6.99p, well happy with that one. Unlike dish they are making plenty of money, as the recent RNS`s prove..breakeven in sight which dish would die for.
Apologies...I didn't mean to sound pompous..I just thought u were a serious poster but u are clearly giving alternative impression
Oh monty, boo freakin hoo, you were willing to give me a chance! Wow, how pompous are you!
Just tried a dummy sell of 50000 and can`t get a quote....eek, no buyers out there now.
Bozzybottom
Not a chance! Some might be selling,but more will be buying.
Dish are getting the numbers up,every day.
4p by this time next week?
Bottom, I was willing to give u a chance but now v clear you are deramping..u have lost my vote and losing credibility...u clearly have no idea about investing in early stage tech growth cos...
Still desperate for a lower buy in bottom?
Still smarting from your disappointment at immo,?
Burning through cash at the rate they are means that income is very very important to keep the lights on, thats why they are trying to preserve funds, see latest RNS trading update. There`s no way that they can survive without raising funds far sooner than the Autumn, thats why they are trying to artificially hype the sp by increasing locations but only by one restaurant per location. Aiden has a history of trying to fool the market, but they will only fall for it for so long.
People will sell today because they don`t want to risk being in over the weekend...5 people being tested for coronavirus in Scotland two days ago has now become 15!
Hi Bottom, It's too early for the company to spend lots of money on driving customers to the restaurants, over and above what they are currently doing on social media, till they have a decent number of restaurants in major cities...it would be a waste of money...that's why it's wrong for investors to get fixated on revenues at this stage...we all recognise more money will need to be raised in the autumn but hopefully the share price will be substantially higher than where we are now so dilution will be low..what will drive the price higher will be evidence of restaurant numbers growing and so far so good.
Oh bottom ,still nursing your wounds from your non starter RNS this morning?
There doesn't need to be "Bums on seats",at the moment this is not a business,this is a business idea. which is now beginning to grow at a good rate. The strategy is to on Board restaurants as quick as possible, and then when that's achieved marketing, it's all chicken and eggs.
If you don't understand that if this was established with restaurants and marketing in place you wouldn't be getting in at these prices, you really should think about investing else where, but if you have a little patient's this company is really starting to get somewhere.
The reason why the market isn`t convinced is that there`s no mention of numbers ie bums on seats....revenues! You can have as many new `1 locations` as you like but it means nothing if there`s nobody sitting in the seats and paying their 50p (wow!) to Dish.
Everytime I go on to the Bigdish website to do a count up, (mostly to check that others here aren`t exaggerating numbers) I see that every restaurant on there has seat slots available...all day ....every day, so they can`t be that attractive. Even the ones that have been `onboard` for months still have all their slots available, I don`t think I`ve seen one that has `unavailable` in any slot, other than over xmas when everything was shut!
People aren`t going to join this pump and dump play now because this rise is over cooked.
Good post Dalester, makes perfect sense. Dish were also developing an app where the restaurants could ‘on-board’ themselves. If restaurants started to sign up themselves this could also potentially add significant numbers each month. The potential here is huge imo.
Definitely struggling to break the 3p convincingly, must be why chumpy is panicking and chasing me on to other discussions ha ha.
People being tested for the coronavirus in Scotland, could be bad for the stocks that have a food based model if they`re confirmed...people will just sell because they think everybody else will!
With all the ramping here you would think that price would have easily broke 3p, alas its a lower high day...a good sign of a retrace.
I do think this will grow exponentially once the country is covered with one or two restaurants in each area. Selling the first one in each area is the hardest part, once you can say to a new prospect that restaurant x joined last week , and we have the country covered, it becomes easier for others to put a foot in the water, the more that join, the more others will feel the need to join. Telesales is a bit of a bugger when every call made is to someone who needs a detailed explanation, once word starts to get out, restaurants will be expecting a call or even asking to be contacted. Wave two might even involve some targeted mail shots and emails followed up by a call.
In the space of a week they have gone from 5 a day too 10 a day, next week... who knows but 20 shouldn't be unachievable soon!
No. The re-rate is only just beginning. I expect that anyone who has sold in the last day or two will be buying them back in a hurry very soon. 7p end of March anyone?
https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=DISH.L