RE: Presentation28 Jul 2022 19:13
We keep coming back to the core issue - how does DC persuade shareholders that all this is good for the long term and for their benefit?
The answer is simple - it's always been simple.
- Deliver growth and profit.
- Demonstrate that profit as retained on balance sheet or dividend
- Report material figures promptly and as promised
In truth DC has failed to do ANY of the above.
- He's promised amazing profit on KPOP "profit matching market cap" and KPOP riches - the RNS that followed have not delivered profit figures, with no sponsorship, no streaming profit and marketing at the bare minimum. We still await profit from ticket sales.
- There is absolutely no retained profit or dividend. Instead all cash flow has been diverted to buying Startart from -errrr, himself and his mate Ranjit, and at a massive price compared to their investment. Nothing left for the shareholders in either retained profit or dividend.
- he has repeatedly offered a sniff of great figures and growth verbally, and the RNS time after time have been rubbish. To the point where there's nothing left to believe him - at all - on anything.
On top of this he has chosen to commit the worst sin of all - wait till the SP is terrible, then place - to himself.
I hope he is exhausted, I hope his head is in his hands. He deserves far worse.
In April this year he had a wind in his favour - he had delivered a concert at short notice, and made his vision real - and he spectacularly blew it in every way possible for his own financial gain. Result SP at 3.7p tonight
I can't sugar coat it and neither should anybody else.
Good night.
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