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He`s desperate because his beloved Bigdish, a restaurant app, is being hit hard by the threat of people staying away from eating houses.
The difference between IMMO and Dish is that IMMO have at least £2.8m in the bank, while Dish are chewing away at their measly funds with only a few hundred grand left for survival...and their restaurants generate £4 per week compared to IMMO`s headseats generating £450 in each of their 400+ currently in place.
You do the math, as they say in the USA, where IMMO have plenty of leisure venues operating, and hardly any people infected by the virus compared to other Countries.
Dish will be forced to do a placing soon, and Rodney Trump knows it...IMMO have already done theirs, which was oversubscribed because so many investors wanted in. IMMO only wanted to raise £2m but ended up raising £2.8m!! I wonder why!
IMMO have an excellent business model here, thats why the MGM Grand Mandalay Bay Resort in Las Vegas has just signed a deal for the 36 seater Theatre to showcase IMMO`s brilliant experiences.
Its a proven model, and generates huge revenues across the globe, thats why they are on the verge of being EBITDA breakeven, something LittleDish can only dream of.
Current Mcap here is £18m...current Mcap of Dish is £11m...on no reportable revenues!!!!!
RonaldTrump you try way too hard. Clearly the Coronavirus will have an impact, as it will for a huge number of businesses, hence the wider falls across the market. To use a totally unexpected and freak event to criticise one business that was achieving and exceeding everything it said it would and on track to be profitable sounds a bit desperate.
Looks like the market is beginning to realise what a devastating impact this coronavirus is going to have on this business model.
I suspect another fund raise may be needed later this year as forecasted revenues are bound to be seriously depleted.
Rugby has been cancelled this weekend
Public gatherings are being cancelled and avoided
This will have a devastating impact here after all the recent fundraises, and with the coronavirus i expect income here will be next to nil over the coming months, I also can't see share holders putting up with another fundraise.
Looks like the drop in shareprice is set to continue.
I’m very happy with the business model.
Unfortunately, it looks like there may be a rocky few months ahead for all businesses.
As Immotion relies on high levels of public outings , I am concerned that they might see a dip in user numbers over the short term due to the virus issues.
I wish they would announce break even before the entire population snuffs it.
Seeing news pictures of people lying on Sun beds with masks on, did make me chuckle this morning.
I did reduce across my portfolio this week, including here, but will be waiting for the turn up in this revenue gathering monster to take a much bigger bite for the future.
Not many AIM companies can say that they are in touching distance of EBITDA breakeven, which IMMO are...and the market loves a profitable company.
ps Bigdish made £4 per week per restaurant last year (he he) so not in the same league as IMMO.
Virtual Reality is where its at now, and into the future.
I think this is a bit too early to say how much the virus is going to affect the numbers. A hold for the minute.
Interesting that you use the term "recipe", as in what a chef would follow to produce a dish, that no one would be eating, cos of corona fears............!
All the best (It's an app after all ;()
Well let's hope you don't contract it trump u might get a fever and talk more sh*te than normal. Your like an oil investor hoping for war. Very sad. Get a life mate.
Coronavirus has to be a major concern here in addition to the seasonal fundraising
Major attractions will be several thousands of visitors down and the last thing anyone who does visit would want to do is stick a sweaty headset on covered in any amount of germs or viruses a recipe for spreading what is already a highly contagious virus
I expect this will have a devastating impact here over the coming months.
Not looking very good at all here !!!
Just posting my concerns here after 3 fund raises in less than a year combined with the alarming losses it's no surprise the shareprice continues to fall with no signs of stopping, good news is needed and needed quick to stop the rot.
Down again market not a fan of this concept and the costs and losses involved in this kind of operation.
For me one to steer clear of until the constant fund raising has come to a stop.
it appears the more posts Ronald trumpet posts the less he has to say
He`ll be focusing on placings soon, because LittleDish don`t have enough money to run a burger stand! :-)
That sums him up BigBite, he`s got the ump because his predictions of big jumps over on Bigpish are not happening, so he reverts to taking his anger out elsewhere, and so desperate to trash talk and troll that he hasn`t bothered to understand the RNS`s.
Made his self look foolish and spiteful yet again.
Bigpish make £4 per restaurant per week! Ha ha ha...at least IMMO make grown up revenues per headset.
Do your own research here and don`t bother with this toxic fool.
@Ronaldtrump The directors are not selling. Their holdings have been adjusted to take into account the new placing shares, which entered the market today.
This is something I would have thought you would be aware of, given your desire to focus on placings in general.
You also said Botz that this would go up on the back of the last RNS and it has tanked and will continue to do so when major holders begin offloading nothing you say will stop this falling, try as you may this is going oneway
2 major shareholders significantly offloading and reducing their holdings
Not looking good here at all been saying it for weeks.