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Very, very interesting jyee. ........
Just a wild guess but maybe India would be part of the expansion plan ........ quite a few restaurants there !
Of note, and with all seriousness, one of the job applicants needs to have the following qualification :
‘Prior experience with high volume, mission-critical SaaS applications or platform design patterns, architecture, and product development serving a user base of one million or greater users.’
Some will mock right now but Dish clearly have a vision to have a user base of one million + .....
Wow !
Some ambition. This company is primed and set for significant growth, which the stock market will like ........ Smithy, don’t worry you’ll have enough time to play dumb and mock the statement as unfortunately Dish will take longer than 24 hours to get the user base up to 1 million, useless company I know can’t believe they can’t achieve this by the end of the week ! ;-)
Decent loan I’d say ....... £540k loaned to the company, that in Smithy’s words will fail. Start of Repayments not due for 6 months, doesn’t sound like a bad loan to me.
Investment company clearly thinks the loan / money is a good investment. .......
We all have choice Smithy !
And, if you believe what you write you are going to lose all your money as you believe the company will fail.
That would be the behaviour of someone very naive / daft (I am being polite) .......
Therefore with that in mind why would anyone take note of any comment you make, clearly you are not that intelligent if what you write is true and you believe in what you are saying.
It looks as if the website has been upgraded and further products added.
I notice Onsite Hospitality ID. ......
We have offered Onsite Work ID for some time (Construction industry etc), but I am of the opinion the Hospitality industry is a new focus ........... and a very worthwhile one indeed with the current conditions we are living in
I am expecting a market update in the next day or two
Plenty of scope here too Ronny, as you well know ;-)
The SP is on its ‘backside’ so to speak, due predominantly because of Covid-19 imo.
Holders selling due to worry of a second lockdown, and yet the following was stated in the annual report, and across other media sources / data analysts.
‘The food delivery market has thrived during the pandemic which has also seen an acceleration in changing consumer habits.’
Think about what Dish are doing. They are in the process of changing the business model to mitigate the risk of a second lockdown and to cash in on the thriving delivery / takeaway business.
Huge upside here.
Some just need to think for themselves and think slightly longer term than the next week or two !
Dish have just secured additional funding from an investment company for £540K.
The funds are to be used to complete the build of the App / SaaS model.
The investment company would have done their due diligence and were happy to loan the money.
On top of this, once the SaaS model is complete, and subject to very few standard conditions Dish have just received a letter of intent for an investment of USD 5 million.
Now is the time to be excited, not worried imo ! .........
There is clearly huge potential for significant growth.
I think many would at that price Ronald, I for one certainly would. Especially as we are now fully funded until June 21 and there is a clear positive path ahead of us.
Investment company was clearly also confident in the future of Dish loaning £540k to enable us to build the SaaS model.
And, once built, following some very basic conditions an investment of USD 5 million will be made for 20% of the International expansion revenue. Dish retaining 80% indicates to me this has huge growth potential, and just around the corner .......... if you’re one of these people that manage to see past the end of your nose ;-)
I understand jyee’s comment, and agree with the thought process ......
‘USD 5 million investment = 20% of SPV
So Bigdish 80% = USD 20 million’
The investor is valuing the potential Bigdish expansion as worth in excess of USD 20 million as they have signed a letter of intent to invest USD 5 million for a 20% stake
If this company and its App were a failure will no legs, as some are suggesting, the company wouldn’t be hosting Q&A session today. This is not compulsory for an AGM, they don’t need to do that. Indicates to me positivity and willingness to engage with shareholders. They know their app works and the huge potential for business. All that is needed here is a little patience imo
We are going to wake up one morning the SP is going to open much higher, and imo soon.....Decent after hours buying been going on for days. SP being held to fill large order / orders imo. Once completed will be be let go, imo