RE: Sinking ship23 Aug 2023 08:11
DAV- They are looking at £3.8m cash at year end. another loss making year
if they have to pay gov back £2.5m it is pretty much fumes and game over
"As per the recent results, the Company remains very well-funded with £5.1m of cash at 31 March 2023. This is more than sufficient to build on the platform Omega has to drive a profitable and sustainable Company."
what this translates is that it pays jags and co wages for a couple of years.
they have never turned a profit - and impossible to see what change in strategy they have made which will change this?
unfortunately all i can see is :
new company...new share structure...new placing
and the gravy train rolls on ...funded indirectly by giros