Encouraging.....27 Sep 2018 10:33
Already today there have been a few peaks and dips where the 10 percenters have been able to bail. I would be happy if it held this level and then a gradual rise as observers start to realise that the bargain basement days are coming to an end. Current market cap is £35 million with 313,260,000 shares in issue. I understand further shares will be added to the mix but with this additional commitment of about £10,000,000 for about 66,000,000 more shares means that at its absolute worst at these levels you will have a market cap of around £50 million but with financial backing not far of that. In my eyes essentially all the previous fund raising, warehouses, company structure, logistics and personnel are being completely discounted.
In addition the company social media - Instagram 492,000 followers
Facebook 1,935,243 followers
Twitter 41,600 followers
......is not accounted for at all. I am hoping that this social media presence combined with the FLF partnerships and Lord Ali's online retail knowledge finally gives this company the inflection point that I believe (hope!) is coming.
Matt
(Figs re: Dilution are a little generalised as I can't open 2 screens on this but its basically dead on I feel).
Disclaimer - As soon as I press send this will fall back. (They call me lucky...)