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I expect that at some stage someone in the management here will wake up to the fact that the company cannot afford to have at least 8 and possibly 10 or 11 territory managers sitting around doing nothings and will allow them to start signing up some new restaurants. After all that is their sole job here.
I've enough experience of sales to know that salesmen/women do not like spending too much time in training, nor do they like too much piggy-backing. They just want to get out in the field and start signing up their own restaurants - especially if there is any kind of salary enhancing bonus scheme attached to the salary.
Also the first rule of sales is if you are signing up customers don't whatever you do call back and ask them how they are getting on (with Big Dish). Leave well alone and sign up some more. Allowing a customer to back out of a deal is a beginner's mistake and a very drippy way of going on.
You only have to issue a prospectus if you issue more than 20% of share capital in a 12 month period. There are various exemptions though.: Re SVS - I suppose they haven’t as is rather obvious given SVS have gone into administration
Ffs wrong board
Has anyone written to the FCA about lack of TR1s here? It's very clear that ebioss and others selling and that huge transfer of ~140million before that is price sensitive information yet not a single one has come.
Likewise...lol....go on your break from this bb till end of Sept as u originally planned and u wont get so bored
Whatever Monty, now you are boring me and I dont get bored easily
Now u are being crazy...so now you are implying that analysts are not allowed to talk to companies....
Oh I'm sorry, I didn't realise that all your emails to bigdish are on podcasts and rns's
I should have looked first.
No rules broken...all that is said can be got from podcasts or RNSs...info like when a territory manager joins is not price sensitive information...some people on this bb may think it is but it is not...
Rule d LSE
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading
I haven't broken any rules and as for the other matter you asked me to answer your question first so it's only fair that you answer mine second
Asking me to justify why I have posted on a public board.
You break the LSE rules most days but people let you be
I'm not bigdish PR and what do you mean my let LSE run LSE ?
I appreciate you are a self appointed BigDish PR but leave the running of LSE to LSE
I didn't say he wasn't entitled to his opinion...equally I'm entitled to say he's wrong to criticise..
By the way, you never answered my question this morning...I'm still waiting
Monty, I think you are forgetting Art is a shareholder and is quite entitled to his opinion on how the company is run.
ART, given the CEO's v successful track record at Bookatable and at TripAdvisor I think, to be fair, it's not wise for you to criticise him on the way he wants to deal with his staff and how they go about growing the business...just let him get on with it in his own proven way..
"what is the point of taking them off it" or alternatively "what is the point of talking them out of it".
Also should read:
"....but the management here appear to be totally unable to be flexible and adapt to this and are still gearing everything for September."
The last thing I want to be doing here is moaning. I have far more shares now and certainly far more cash invested here than I had before (that is before the rise in May) and yet it is just the same old Big Dish and the same old management.
For the T1 and T2 managers to stop signing up new restaurants and concentrate on account management appears to be the worst management decision I've ever come across. In case the management haven't noticed it they have managed to lose about 33% of the existing restaurants on the platform. Considering it doesn't cost the restaurants anything to leave their restaurants on the platform what is the point of talking them off it.
The bulk of the territory managers were recruited a month earlier than expected - probably as a result of an efficient job recruitment agency - but the management here were appear to be totally unable to be flexible and adapt to this and are still gearing everything for September.
It clearly works better for the towns and cities to be added first and then the restaurants added later but they can't get even get that into their thick heads and want to try and add them all in bulk. That was the way the Bournemouth restaurants were migrated from Table Pouncer but apart from that everything else of note has been added day by day and week by week.
Very poor management.
"The directors would have to RNS any shares sells or purchases. i do not recall seeing any of these."
Yes, I agree but nothing seems to be done properly with this company. Their admin and shareholder info is weak even by AIM standards - and yet they are not AIM they are Main Market listed.
There is no major shareholder info on the website. There was no info about who took the placing of over 10% of the shares and no subsequent TR1. Most main market companies have to issue a prospectus when they raise cash - not this lot though. Maybe that is because they are registered in Jersey but I do not know for sure. Every other company that had SVS Securities as a Joint Broker issued an RNS to say they were no longer joint brokers - not this lot though. Justin Boer was a director when the company floated and was assigned a whopping 39,000,000 shares (generous by anyone's standards) and yet he resigned as a director 6 months later. Does that mean he forfeits any of his shares for resigning before anything has happened - I doubt it whatever the rules may be. On 30th May Big Dish in the RNS of that date claimed "They were fully funded to execute the nationwide roll-out" and that there was not need for a placing and then the annual report reveals that on 31st March 2019 there was £43,000 in the kitty. It also says in the report under "Events after the Reporting Period on Page 40 that the company sold 4,555,867 treasury shares. It doesn't say what price these treasury shares were sold at and the shareholders were never aware that there even were any treasury shares. On page 39 it mysteriously says that as of 31st March 2019 the company had 13,555,867 treasury shares. Treasury shares can be sold to pay the bills etc but it would be nice if the shareholders knew where exactly they have come from. There is a list of shares in issue on Page 15 of the IPO and it does not mention or give any existence to any Treasury Shares.
Justin Boer according to the IPO documentation held 39,000,000 shares and yet according to the "Substantial Shareholders" info on page 39 of the Annual Report he no longer holds any. Has he forfeiting them by resigning or sold them or just got hidden up his you know where.
Also I don't know if anyone has tried but if you try and copy anything from the Annual Report it is all encrypted and cannot be pasted. I've never come across that before.
What is certain is that the directors are living off something and it certainly isn't historical profits from Big Dish Asia which we can see from the recent accounts ran up expenses of around £400,000 but had revenue of only £10,000. I can assure you they will have nothing to live off except their salaries and if their salaries are paid in shares then they must be selling some of them.
Well that was a pointless post angela6611
I see the agressive poster despite stating otherwise so being untruthful yet again,has returned and is deliberately being provacative in his attempts to disrupt the BB in general.
Will the mods suspend him again?
The directors would have to RNS any shares sells or purchases. i do not recall seeing any of these.
Well I think it will be great if new locations are added. Especially in cities where there is a higher concentration of restaurants.
The point about the restaurants not being signed up and instead focusing on account management is what I mentioned over a month ago before you even joined this board...