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StarJumper
Thats old news.
How much money have they burn through since then. They have to burn money to have the incredible growth which I think they will get. There year ending 31 December 2020 Administrative expenses was over £7m. They don't make a PROFIT. Now with that extra funding ,how much is that still left??? This will be answered in there next year annual report. I am just looking at the numbers (numbers don't lie) and just wondering how many people invested in this company took the time to read the anual report.
Tango28, read this:
https://www.lse.co.uk/rns/BIDS/16310m-fundraise-by-way-of-an-accelerated-bookbuild-v8tpx30glgeyeea.html
Sogamla
Unfortunately they do not have a two year runway. I wish they did
Take a look at their latest anual report. They are burning £5m of cash. Their revenue increase to about £1.2m & with about £2m in cash so you are looking about £3m+ in cash. This is all in their anual report. I will never invest in any company not looking at their anual report ( their anual report was over 100 page!!!). If I am correct I believe next year they have to go back to share holders for more money. This is why their share price is at this low.
They have a cash runway for 2 years.
Being watching this one for over a year. Was surprised to see it decline to this level!
The biggest danger for this company is running out of cash. Currently they are hemorrhaging bucket loads of cash. With just over a few millions in the bank that will soon run out. So either they raise more money with share holders or hege funds in the next six months they will go under.
But assuming they get the backing, I can see this company share price go to the moon. They are currently growing over 1000% (not a typo error) with zero debt and one of the first company to go in to this advertising space. If thay can breakeven in the next 12 months I believe they will get more attention with other investors and their share price will only go up. I was so glade that I did not purchased this company at 3p but at this current level I might take a small punt. High risk high reward.