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I’d have to agree with Slacker on this. Yes a £300k salary for this job he would not be thinking about the future. Handy money if you can get it for running such a small company without any sales. Dudd done it for long enough! Is just the AIM gravy train unfortunately
This still looks a dudd company……the new ceo changes nothing. I think the death spiral finance and and lack of any sales in sight is damning. Only handouts or another placing can keep this going!
Btw no more nonsense from chaiwala, is put in filter bin
I feel sorry for holders here. They will be shafted further when the dire results are announced, whilst the management will continue to collect their handsome salaries. AIM is not a fair game and just allows those kind of companies to run riot!
When the results come out there could be carnage if they report sales of only £50k again for a full year……though it wouldn’t surprise me if was even less.
How they are continuing to pay all their sales people for selling nothing is a mystery if not scandalous!
“Did someone say there would be a Q&A with the results ?”
A Question: Your sales for the full year were €50k, so why then do you pay your ceo £300k pa?
A dudd performance but nevertheless a top salary and benefits. This is a recipe for disaster, which is what’s coming!
With no income in sight, funding is of course a major concern here. Only death spiral finance is keeping them going. But it could turn rather nasty with someone like RF. The only other option is a placing, but at what price they’d have to reduce it to…only at a big discount or this will fail too
They must have the worse assembly of a “sales” team one could imagine. And getting well paid for it too……is it any wonder they have no funds and have to go on their knees to RF. Is truly shocking. 8p coming soon I think without any hope of sales!
Is looking dire here, the new ceo could be another lame duck and is radio silent just like dudd. Would not like to be holding this when they come looking for funding again, or RF stop any more drawdowns…which is very likely
New ceo but still the same rubbish. Radio silence, no sign of any sales coming and only staying alive by death spiral finance.
And the company they chose as their UK distributor Inspiration Healthcare is doing terrible too…with sp down from 87p to 34p this year. They should change that name of their’s!