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LP - mostly agree but that's not this BoD, just to remind everyone. It was the old BoD trying to do that again when everyone went wtf NO.
I am also astounded at the lack of spending on marketing (unless it is 100% behind the scenes, but it is definitely not free-access digital adds anywhere. And usually when you pay for access/subscribe you don't get ads. sooo...). You can sell water to the british, ice to eskimoes etc with the right marketing. it just definitely isn't being done right.
I suspect because they aren't competent enough - and are probably awaiting the new CEO to get the best possible outcome. That said, they should have been looking for the CEO since February (first mention), so... well... how's that going. Unless that's the AGM delay (on top of the Covid rules extension by the gov).
Still invested. but not wanting to log in and look at the >50% loss now. and my average is 1.65. ffs. let alone the other poor chaps who got caught higher than that.
It's got to come good at some point. £5m. IP. new CEO. just need it all together (and bin Todd for a paulty 80k sales over 8 months)
Sure, get your point Franky but I've never been in a share where they've admitted they weren't sure on how to spend the money they've raised and would embark on a review following the raise .
They've stuck a finger in the air and gone right, how much can we swindle then.
And keep drawing the money eh?
It's an aim listed penny stock so no great shock. Pretty clear that the mask is not economically viable and the cost of production too high. No sales no revenue no growth and team will pump some new endeavor get some new suckers via an equity raise and then off you go again.
Sorry mate but your stating the obvious here. Everyone pays their money and takes their chance.
The difference with this outfit is it's been borderline criminal the things that have taken place. Even post TB some very questionable things.
The raise of which no reason was given.
The lack of spend, suggesting they aren't serious about taking the mask to market. Why no marketing or expanded sales?
The Comms, utterly insulting lack of. They've not once engaged in an investor presentation, not interested or scared their incompetence will come across?
Cave literally pumping the stock via twitter claiming we need a bigger boat, utterly moronic.
Then they RNS an 80k deal with an outfit who are supplying weed grows..
The point I was trying to make is that people are on here saying the company run bad knocking the business new ideas and products takes time to take off and if there 00s of others doing the same thing it's going to take time and patients. Not all products and companies make it is a risk you take in investing in a small firm if it takes off the rewards are greater