RE: Plenty money sloshing around1 Jul 2020 21:16
There is certainly plenty of money around, large sums of which will be used to invest in companies such as Dish, and other opportunities, whilst the value of the company has still to recover from Pre Covid levels. We were trading at 4.5p before lockdown, and although I have said before, it is important to remember we were gaining traction and the SP was rising at a a healthy pace. This recent drop was due to the Pouncer shareholders selling their shares imo, after all they are not invested in the company they just want their cash. Now those shares have been sold I would strongly expect the SP the return to where it was a few days back, 3p, before we receive any further news. I thought the most recent RNS was positive, unfortunately I don’t think all read into the RNS absorbing the information thoroughly. The following statement is very poignant ‘ As previously announced on 26 March 2020, the Company had engaged a boutique corporate advisory firm outside the UK with a successful track record in funding early stage consumer restaurant technology businesses . This was done with the intent of funding growth without the need for an equity placing. The Company has continued to pursue this over the past few months but acknowledges that a successful outcome may only be possible at such time when management can travel internationally.‘ .......... A successful outcome may only be possible at such time when management can travel internationally. ........ indicates to me the deal is done, finance has been agreed and the reason a successful outcome may only be possible once management can travel internationally tells me a few signatures are required to dot the i’s and cross the t’s. There may be others offering to lend money as Tanya has suggested, but only time will tell in regards to this. we saw Aidan and another director purchase shares at 3.6p just before we went into lockdown, they would have been in the knowledge that the finance talks were going well, very well I’d suggest. I am very relaxed about my holding here, we still have a long way to go before we reach pre covid levels but I expect us to get there in the near term and some once value is added to what the Tech Team have been working on these past 3 months and the Manchester Team pick up from where they left off. I am of the opinion we will see more than one RNS near term containing positive news.
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