Member Info for Bigbaddaz

I assume Reece you think the same about Tesla. Tesla has had only a handful of quarterly profits in its 10 years as a public company and yet it has a MCap of over £164 Billion ............ I think investors here and over at Tesla have made a terrible mistake and should be listening to you ;-)

Good evening Hosai, you should receive paperwork through the post detailing the open offer. If you haven’t received in the coming week it would do no harm contacting your broker. It may be wise to weigh up the offer in your mind. Sometimes things appear initially to be a good offer, when thought through they may not be. I am not offering any advice and not qualified to do so. I am also no expert having made plenty of mistakes myself over the years I have been investing. Best of luck whatever you decide.

Certainly not ‘punt money’ placed end of play today. Interesting timing as the app has now completed its first week of trialling. I would hazard a guess that the trial is going well. Interesting times ahead I feel :-). A leak of positive news and this will fly ......... its coming !

I can’t believe what I have just read in the last RNS, the BOD are really taking the p##s out of existing shareholders here imo .............

(Assuming no other new ordinary shares are issued between now and AIM admission) ........ Geez, talk about rub salt in the wounds !

This entire fund raise stinks imo. If you notice Rob Pitcher and Mike Foster have purchased £50k worth each, Keith Edelman £25k and Will Tuffy £7k ..........

Rev didn’t need to raise funds imo as days previously they had secured additional finance support from NatWest.

This has been designed, imo, to benefit the BOD and the brokers, not the company or the existing shareholders.

Shareholders turned down an offer for the company of £2.00 some time ago I believe when the BOD wanted it accepted .......... Looks like today the BOD have had the last laugh.

I expect this will now become a fund raising company lining the pockets of the brokers, did you notice their fees for this raise £1.2 million. ........ Nice work if you can get it, and I’m sure it won’t be long before they recommend another raise to the Rev BOD so more ‘fees’ can be charged.

I am amazed how well the SP has held today. Clearly some haven’t done the math here.

Unfortunately Millionaire you may not have fully calculated the dilution here. There will be approx 125’017’495 shares in issue, as opposed to 50’000’000 pre the fund raise.

40-50p a share post fund raise is equivalent to a MCap of £50-62.5 million.

A MCap £50-62.5 Million pre this raise would have resulted in the SP being £1-£1.25 ................ It has been a while since Rev’s SP traded at £1 and above, and that was in a pre covid world, the new norm is going to look a lot different for a period of time, not for ever, but certainly for the foreseeable future.

A 40p SP yesterday, £20 million MCap, is unfortunately now equivalent to 16p a share
A 50p SP yesterday, £25 million MCap, is unfortunately now equivalent to 20p a share

Rev were trading 35p yesterday, £17.5 million MCap, now equivalent to 14p a share

I like the restaurant / bar sector presently as I believe there will be some good opportunities. However Existing shareholders have been turned over by the BOD here imo, and then rub their noses in it by stating the main move to Aim is because raising future funds is quicker and easier, disgusting action by the Rev Board imo.

I would have thought the most appropriate place to discuss Dish would be on an open forum, especially as we do not know each other.

It’s ok the government announcing the hospitality industry, bars for example, may be able to open this month, earlier than previously expected, but Rev will not want to open with the current 2m social distancing guide lines. It will be cheaper for Rev to delay opening until November 1st and keep their staff furloughed with the government paying the majority of their wage bill. I will be amazed to see Revolution Bars back up and running before 1st November, and it will be a positive and shrewd move by the company, but maybe not liked much by the traders / some pi’s here.

Aidan has recently spoken to in two separate Interviews in regards to raising further funds which will be used to grow the company.

One interview with Proactive Investor and the other more recent was with Tom Winnifrith of Share prophets ........ the later one you had to subscribe to at a cost of £9.99.

I did subscribe, even though I believe ALL existing shareholders should not have had to pay, but I’m glad I did.

I am not concerned in the slightest about the future funding that will be required. It has never been a secret and we should not be afraid of it. If it is used to grow the company it will add value.

Aidan recently purchased shares at 3.6p so the funding talks were clearly going well.

Aidan also stated in the share prophet interview there would be absolutely no way Dish will be going round the city with the begging bowl ........... if you watch the interview and read his body language this is no CEO trying to pull the wool over the eyes of shareholders, he meant it and has an air of confidence in regards to how the funding will unfold.

There is a new Tech fund particularly investing in the Restaurant sector .......... watch this space.

It’s coming

The app is being trialled this week. There was an indication that we will have the feedback from the trial in short time. I would expect us to hear from the company at some stage next week, if not an indication how the trial is progressing later this week.

Time is of the Essence. There will be no dragging heels here.

SP only dropped the day of the last RNS because of the position Spreadex had taken.

Nice start to the rebound today now that Spreadex have exited their position. Expect this rebound to continue over the next few sessions as we return to where we were on Friday.

We will then await feedback / results of the trial

I also recall the Head of Marketing from Yahoo joining Dish last year.

Dish Integrated with NFS Technology Group in October last year. They are a Leading Point Of Sale Technology Group.

I misunderstood your post this morning as I thought Dish had added a function to PPC advertise on their website.

Good morning Tanya, I cannot see the PPC function on the website. Can you guide me please to where this function is.

It is very positive to see that the next phase of the takeaway / delivery section is underway.

The company have been looking to adapt the business model to bring in other revenue streams. They seem to have accelerated the process since the pandemic. ....... it appears they have been innovating and very proactive in this respect. I am sure we will hear from the company soon.

The largest revenue stream for Bigdish will come from advertising. Huge amounts of money exchange hands. There seems to be the first signs that Dish have also been working towards achieving this as a revenue stream too.

Below is a statement the company made in an RNS several months ago :

‘These positive results demonstrate the early success of the Manchester operation.  The primary focus for the year is restaurant acquisition and accelerating the growth of restaurant numbers in order to build out a national product.  Building a national product with increasing restaurant numbers will enable BigDish to leverage national brands for large-scale marketing partnerships in order to drive consumer acquisition which is integral to the strategic marketing plan. It is anticipated that some of these deals will be monetised and that going forward the sums involved may be more significant than future transactional revenue.  BigDish is aware that currently such a positive scenario may not have been considered by its shareholders or observers of the company’

Clearly Dish are telling the market that the small revenues from pre Covid Dine-in model were not their ultimate goal here. We know the company always had greater scope but they have to add restaurant numbers, which is where the Dine-in revenue is generated, to acquire mass. The revenue from adding the restaurants numbers is just a by product of their greater focus.

Takeaway/ Delivery section coming soon. .....

Then the big one, Marketing Partnerships.

Getting closer imo

Today Dish have added a full page, 20 restaurants, to both locations Bath and London, that they have been Beta testing for the new delivery / takeaway section.

As we know there were previously, during this trial phase, 1 in London and 8 in Bath.

Three important points of interest to bear in mind ......

- Currently only added enough restaurants to fill one full page, 20 restaurants ( I am of the opinion this is intentional and may be working on additional pages to flow smoothly.
- Restaurants are shown alphabetical and currently London is only showing up to the letter D.
- Only added to the two trail areas, Bath and London.

I am of the opinion they are intentionally slowly rolling this out to iron out any potential hiccups with the Tech, which is quite normal. So much more to come !

I am extremely confident there are so many more establishments to be added and we will start to see those added in the coming days / weeks, along with other areas being added.

Very positive step forward for Dish.

This exciting development being added during a period where the restaurants are effectively still closed but due very soon to re-open for business.

We’ll have an update within the next fortnight imo. So won’t have long to wait to ‘start’ to understand the potential here.

SP is only just getting going imo.

This is just rebounding slowly as restaurants will soon be re-opening, 4th July was the latest update that some establishments will be allowed to open again.

Bigdish as a company have continued to innovate with the Tech team still working in the background.

I have a strong feeling we will see an extremely positive RNS from the company very soon, the announcement of takeaway / delivery section being just one of the new exciting additions Dish have been working on.

We must remind ourselves that just weeks before the lockdown Aidan himself purchased 2 million shares at 3.6p, along with another director purchase. Those purchases were before Covid-19, the company was already working on adapting the business. Finance talks were also taking place, which must have been positive and progressing well, otherwise would Aidan have purchased those shares.

Lots of exciting, positive news to come imo .........

And the timing might be absolutely perfect as we start to see the restaurant sector re-opening.

Looks as though I didn’t time my entry very well ......... bought in here @3.6p on Friday on the back of the positive RNS.

Trialling with NPH Ltd commencing today. I expect us to hear, or at least have an indication how the trial is going either later this week or at some stage over the course of next week.

I won’t be surprised if another trial announcement commences with another business / company.

I am of the opinion the great advantage with this new project for CTEA, Cov-19, is the urgency. We must promote it to businesses immediately and they must trial it with immediate effect. There is an urgency in the need for such a system and from CTEA point of view there is a window of opportunity that must not be missed.

This is a great commercial opportunity.

Expecting more positive news short term

Hit, you do add great balance, your posts appear to be very well thought through.

However, without wishing to cause a ‘tit for tat’ argument (this board has been plagued with those recently), your recent posts do not see past the current temporary situation we all find ourselves in.

The restaurants will have to adapt their businesses if they wish to survive near term, that is for sure. But they will not have to operate at, for argument sake, 50% capacity for ever.

Your posts suggest 50% capacity for restaurant businesses, social distancing is here to stay. The new normal, and we will live in a ‘new world’ never to experience a packed full restaurant ever again.

I simply do not see this.

Tiresome how some don’t keep up with the company and pop up with these one liners, which are often incorrect ......... time to get in if you’re sat on the fence imo