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Yes, Applesauce that was a nonsense post.
However I do think that it is now time for the management here to buck their ideas up and start signing up some restaurants. There is no excuse for idleness now the bulk of the managers are on the payroll. I know the company said that the roll-out would begin is September but as the managers were all recruited and employed a month earlier it is up to the Big Dish management to adapt their plans and start everything a month earlier. They can't just keep them sitting around doing nothing for a month.
I also strongly disagree with the inept management decision to stop the T1 and T2 managers from signing up new restaurants all summer. That was as bad as it gets for poor management. There could quite easily be 250+ restaurants on the platform now instead of just over 100. It is the responsibility of the management in a listed company to make sensible decisions on behalf of the shareholders and not to make themselves look very silly and completely amateurish - and they can leave out the pathetic justifications for such poor decision making too.
They need to just get on with the job of signing up new restaurants. They need to forget about getting ahead of themselves too with fancy Brand Ambassadors and sponsoring Award ceremonies - that won't do the business any good at this stage. They need to just keep it simple.
Thank you Montie, I wasnt aware Dish needed permanent advertising in place in order to be successful. I would have thought a good app would be promoted by word of mouth and continued repeat user experience would keep them afloat. Something to factor in above the several board of directors wages when thinking long term. They wont continue working for shares i wouldnt have thought. I dont know where Bigdish got the idea they would break even in certain territories Q3. When Dish first listed they thought there would be 2000 restuarants on the app on the first anniversary. With the unexpected delays and take up/drop off rate there is a mere 102. We must look consider the delivery of failed promises when we now invest on the ramped 200 figure from September. I will personally look at investing more when Dish deliver a consistent sign up rate of 200 a month as anything less will be a let down and will most certainly reflect on the share price. Aiden has already intimated he has a few in the bag for after the holiday season so I am expecting a higher figure for the first month. I hope the share price does well as there are many share holders holding at a much higher price.
Applesauce, u know v well why they have not been signing restaurants during summer...it has been explained time and time again and 8 additional TMs have now joined with final 2 on 2nd Sept...Asia doesn t surprise me as they stopped promoting it a long time ago...I don't even think they are charging on the app there since they decided to focus attention on UK...anyhow, u believe what u want to believe...as you say we are all entitled to our views....i trust in CEO's track record and he was onlt up and running in feb officially...GLA
5 restaurants in 2 months for Brighton and the delay of Reading would seem to me they are struggling to sign new restaurants. Losing a third of the restaurants would seem to me they are also struggling to keep them. Can anybody answer my question where the revenue is coming from this year given they only took 3k revenue from 80 restaurants in 15 months. You normally answer my question with go away or you are getting tired of hearing the same question. Seems to me the few existing shareholders do not want to talk about anything else other than what will ramp this share price short term yet they all claim to be long term holders. You all talk like a miracle will happen when they start to sign new restaurants
So going with Asia figures
80 restaurants 3k revenue in 15 months so
160 would be 6k
240...9k
320...12k
400...15k
480...18k
560....21k
640....24k
720....27k
800...30k
880....33k
960.....36k
1040...39k
2080....78k
1 directors salary over 100k.....
Agree should rise pending we start seeing more restaurants on the platform. If still no uptake in restaurant numbers going into September I can't see any rise happening. But as said with the TM's now all in place and end of holiday season if no new restaurants on platform could be indicator they are genuinely struggling to get restaurants on board causing a further drift in SP.
Thanks Trend...agree with you that it's a positive that RSI is now rising...imo it's a no brainer that shares will rise come Sept onwards now that nearly all TMs are in place and that training only takes 2 or 3 days at most so things should start to gather pace on the ground quickly..GLA..
Dont listen to Trend, he is just ramping a possible ramp which will burn your fingers, he said the same thing when these shares were 6p and they are worth half that now.
Bigdish - daily chart.
http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=D9sUq5RZ/lUuDv/+dGYQ/S0Fiy9FL8E6QFeWZxnLuJw=
I know most of you are not particularly interested in charts, but even for those with a passing interest, something is going on here from a technical perspective imho, and i'm quite excited about it.
I held this chart back a few days as i wanted to see what happens here....
You can see a very clear breakout from the red down trendline that has been holding this back since the June highs.
A trendline break itself while a good sign of strength is not enough, the stock needs to make higher highs and push on...
we did rally to 3.75p, and that was a rejection of the 200 day ema line feature.....and then back down to 3p....
However what i noticed today was the rsi made a higher high(see the green circle on the rsi)...a sign the stock should be set to move on here imvho...
Lets see what happens here...we need to clear and hold above 3.75/3.80p for higher high, and that would open the door for a proper rally...
atb, wdik, dyor,
trendfriend
lets see how this goes from here...but i think we are now set for a move up imvho...