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Poor, NNN did worse on very metric than even I thought possible.
Sales 208K even I thought at least 500K. P2F had 135K in first six months so sold just 73K in second half.
Losses 3,352,650 which means 2,150,000 loss in second half
Cash as of todays date 1.8M not even the 2M I though let alone your 3M
Burn based on 3.8M on Dec 31 to 1.8M today it’s 333,000 a month
Sorry poor but NNN don’t have enough cash for 12 months, based on last 6 months and rising admin they have enough cash for another six months
Now going to finish my wheatabix
Duffers will 'catch covid'before the AGM and be unable to attend no doubt
Positives
1. Thanks from Duffers. Well that’s lovely
2. More directors, which I think shows things are happening.
I'm going to be a glass half full kinda guy today and suggest that they need the new team in place to manage a huge new deal that'll rocket the share price and make us all millionaires overnight :-)
Revenue £209 k
SA impossible now
No money left in 6 months
No way of raising money either
No update re Virosynth/Volz
It’s fookin embarrassing
Can’t believe Duffers will attend the AGM, he’ll pull a sickie
There will probably be a fund raise in the next 6 months . What on earth have they spent the money on?
Where do we think chaps regarding sp today?
You’ll need to net off the one-off exceptional costs to reflect the implementation of the new strategy, so burn rate not as high as you think going forwards… don’t forget increase in trickle of revenue from JV
2 million, they must have bought "A bigger boat"....
Hi ExMS, to be fair, we were expecting worse. They have more then enough cash for the next 12 months. 2 more directors, now they can play 5 aside football lol.
It is better then we thought, most were expecting a placing. 1.8 million cash in the bank is ok.
@UG
Yep agreed insolvency beckons
ExMS that's 2M gone in just six months which is a burn rate of 333K a month so at that rate NNN have six month cash left.
That’s about as bad an RNS as you can get. Finals were actually worse than the lowest of expectations and no sales or contracts. Just the promise of jam tomorrow. And Duffers has been in charge for a full year. If you employ monkeys you get peanuts! £2m gone!!!
Hiring 2 new staff members adding to the wage bill we have to pay proves progress is being made with Big orders partnerships with manafactures for our nano pellets...
Science is the way forward and make new INVENTIONS of mass products work ...
Spray on applications for Airconditoning products / Filters
Farmers
Health and well-being..
The Rocket is made and were off to the STARS
Castle
Castle, Oh no weetabix, it’s going to be a long day on this board today. :-)
Looks like contracts in pipeline for H2, no Masks this time!
Kitchen sink job done… now move on and up
Poor ug is in eating his 3 wetabix...
And not a fookin clue how to run a business. They’ve chewed up £2m!
Approx 6 months left til insolvency and still they’re hiring!
No contracts, no sales, no revenues, no USP, no business
Two new directors, something must be happening at NNN. They have more then enough cash for the next 12 months.
5 million mktcap? Hmmmmmm, a bit undervalued, don’t you think united Guy?
So cash as of 31/12/21 was £3.8M, today its £1.8M. £2M in 6 months
Only £1.8m cash left. And what do we have to show for it?
On the face of it , this will bomb today
2 RNS released. New directors as well
Rns out