Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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Well said!
Amazing how loss averse investors are. Many will rather wait for total annihilation than exit at 20% or other level.
I recommend the Little Book of Behavioural Investing [https://www.amazon.co.uk/Little-Book-Behavioral-Investing-Profits/dp/0470686022], definitely worth a read.
Oh don't go ap sauce, please
Lots of targets/plans were missed or didn't happen. The share price dropped with every blunder to near historic lows, but it has all been priced in. I sold on the way down and have reinvested on the last RNS based on evidence of solid progress (50% increase in restaurants over 2 months) and the potential for more.
+ telesales
+ being able to book more that 24 hours ahead
etc etc
The missed targets aren't really relevant to growth from this point onwards. They were as much feedback as they were failings. The company has responded to this feedback by changing their approach and their offering.
Good post Spero, I concur - am back in here for the same reasons as yourself.
AP / Prime I agree you shouldn't hang on to losses but you can't just assume that everyone on this BB bought in at 8/9p and is sitting on a huge loss. Everyone is in at different levels.
Time will tell how we all get on!!!
Good post spero...one can tell the difference between you as a fair poster to the obvious derampers
Maasive dip 0.85p..............................
Strange drop. Pricing error maybe? Back up to 1.58 but still a big drop for no apparent reason
"Strange drop. Pricing error maybe? Back up to 1.58 but still a big drop for no apparent reason"
a trade of 500,000 shares at 0.85 which was immediately cancelled.... shows how the system reacts to sudden price error movements
All in a lot more buying than selling, must have hit a few stop losses
How many weeks will this survive before the trying to raise more cash ???
Not many in my opinion
"How many weeks will this survive before the trying to raise more cash ???"
Sorry, but why "weeks"? Didn't the RNS say Q3 in a worst case scenario?
yes, all good for the next 9 months at worst case.
plenty of time to get the new telesales team up and running, starting December 2nd
Didn't they say funded to 2021 prior to that while having 12 territory managers on board
With only 2 Territory managers they are now saying funded to Q3 next year something doesn't add up what the hell has the money raised been wasted on ?
trips to the far east of course
" something doesn't add up"
well first let's check that
" Didn't they say funded to 2021 prior to that while having 12 territory managers on board " was in fact correct ...
can you find (rns?) where that statement was confirmed ?
We also need to know whether the Salary Sacrifice Scheme is still being used by Directors
Funding will obviously last a lot longer if the Directors continue to take shares in lieu of salary/expenses ...but..obviously with a share price below 2p the number of shares they can then collate gets more and more....
Need some clarification on that front
The revenues are still pretty small and the data about the costs used is thin on the ground ...but..the costs of the Asia operation must have declined considerably since the focus fully on the UK operation.
There still isnt enough data from customers I doubt and the whole business is still in the "testing" stage and revenue per restaurant must still be pretty small in relation to Admin costs
Still interesting now the focus has changed...one to keep an eye on
" So I expect a share issue in the early new year."
possible...but no doubt the new CEO will want to have something to "sell" to new fund raisers ..so maybe April-May when he would hope the share price would be higher ...the last fund raise/placing was 7.2p, if I recollect
Hopefully the new ceo will buy a nice chunk one he gets onboard
Squeaky bum time eh??? I think we will hover around these levels for a bit longer.
Sp will only pick up once we see numbers and locations not the odd addition, hopefully December onwards a new era will begin...
We need chains to sign up. Big dish only have about 25 in London. Nothing in Manchester, Aberdeen , Glasgow, Leeds, Cardiff.
They have wasted lot of time and money in last few months. They better get cracking or else this will fail.
Well done to the Brighton TM ........ 10 new sign ups this week.
Birmingham TM has added 4
London another 2 added
And 1 lost in Taunton
Well done to the Brighton TM ........ 10 new sign ups this week.
Birmingham TM has added 4
London another 2 added
And 1 lost in Taunton
" We need chains to sign up"
indeed , but I cannot see that happening any time soon....they need to see more data and stats and for them the business is too young and too small and quite possibly a risk at present..any issues with the system and their reputation is at stake...the data from the individual restaurants needs to get much bigger and introduce some of the new ideas they talk about ..it is still in "testing" phase as far as the chains are concerned
Just my 2 cents, at present
Needs the telesales to grow active users faster
Birmingham 39
Birmingham 30
London 26
Maybe get the Brighton and Birmingham TM's into London to turbo charge the numbers prior to the telesales campaign kicking off??
Current SP is a great opportunity IMO. Telesales is defo the way to go & will get the numbers to where they need to be at a much quicker rate.