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Agreed - they seem to sell products that are actually wanted by the public, somewhat in contrast to the rest of the high street. I'm hoping with a strong Xmas period they could be within 6months of breaking even...
These guys seem to be on to a good thing, very good basis for ideas and looks as if they have an extremely strong board. Just listened to an interview very interesting - http://www.brrmedia.co.uk/event/107320/james-phillips-co-founder-and-sales-director
so bought in first time
Nice to see that there is some sought of demand with this share eventhough the amount in issue is quite high. Do you know approx when an update is due?
I bought in yesterday. Shares were tight, couldn't even buy 500K, had to split to purchase, 2 lots of 250K's. We're not talking much £ afterall! Looking forward to results.
Featured in share mag last week as their top 10 pick. Broker has 1.2p price target up 167% from 0.45p Just bought it.
LiteBulb debt financing to fund growth 26 July 2012 | 09:59am StockMarketWire.com - LiteBulb Group has secured £750,000 in financing to further the company's growth. The financing will be used to fund a number of significant anticipated orders. In line with its corporate strategy, Litebulb Group is expanding its product ranges, customer base and international scope, and the company expects its historic strong growth to continue in 2012-13. The funding has been received from Andrew Black, co-founder of Betfair Group, who has to date built a 6.9% stake in LiteBulb. £450,000 of the funding is in the form of a two-year secured convertible loan, carrying a coupon of 5% and a conversion price of 0.6p. The remaining £300,000 is in the form of a secured two-year term loan with a 7% coupon. At 9:59am: (LON:LBB) share price was +0.01p at 0.43p Story provided by StockMarketWire.com
http://www.stockmarketwire.com/article/4415487/LiteBulb-debt-financing-to-fund-growth.html
Anybody has any views on this ,looks interesting