Generally that was a good update11 Nov 2021 09:47
But I have exited with my trades at 1.45.
I can see incredible potential here but a few very unnerving statistics came out.
Revenue is down 36% from 2019, online is still work in progress, they have lost 25 million plus the big one they had 12 million left in the bank in august.
How much cash have they got left now? I would say a few million tops as September/October are the highest rates of cash burn due to restocking.
This company has incredible potential but I am highly concerned one last rights issue is required before they enter back to profit from next year.
Will watch and wait