RE: Daily additions17 Jan 2020 09:02
However, I am not going to get carried away. 26 added for the week is an improvement but is a long way short of the target.
This team has reportedly added 2750 restaurants in 6 months for another company. There is no reason they can't do that again, here, and to do this a second time is always easier than the first time as they will learn by their mistakes and they will already know the easiest way of getting restaurants to sign to the platform.
Some figures: 2750 divided by 6 (months) = 458 per month; 2750 divided by 26 (weeks) = 105 per week.
To get this job done in 6 months it will need an extra 105 restaurants added per week so 26 is well short of that. Even allowing for December as a non-counting month when they were setting things up, at the current rate of 26 per week this will take 24 months.
The numbers need to ramp up considerably here because every week they are not hitting 105 per week is going to increase that number needed per week or increase the time it will take to hit that number.
The shareholders have had a pretty bad time here all told since the IPO and it would be nice if something was finally done on time and on target.
Big Dish has the funds available to do this now and I cannot see any reason to spin this out.