RE: September progress2 Sep 2019 20:26
No wonder my average is higher than the current share price. I was one of the succours who listened to and believed everything the company was promising around the beginning of June - none of which has happened at all. Having sold out on the rise I started buying back in on around 11th June at as high as 7.5p. Then when nothing that was promised turned up the share price just kept tanking while I was still buying and waiting for these things to happen.
Of course I now know what went on. The company had virtually run out of funds by the end of March (with something like £43,000 left in the bank) and so they actually had to start doing some work towards building this business by adding new locations and signing new restaurants and they also started planning the nationwide roll-out to make sure they got a placing off.
Then they got their funds on 6th June and immediately the bad old ways slipped back in - no sign ups, no tech deal, no Brighton or Reading, etc, etc. It had all been just to ensure they got their funding. Okay, they have apparently got the managers recruited but that was as much due to the recruitment agency as Big Dish and what good is that if they aren't going to get signing up restaurants.
Oh well at least at this rate they will soon be running out of funds again (and that was despite Aidan saying they were fully funded for the nationwide rollout before the placing!!) and may actually get on and do a bit more work.