RE: Bad News - Massive change to projected loss3 Aug 2023 08:36
Atan sums it up very well
my initial thoughts are
1) loss making again which means cash burn, they had £5m - why do they not give current position? they normally do. red flag
2) relocation - another mess
3) vagueness of gov dispute...will be down to whether gov will take them to court or not
4) 2 sales in usa after all this time
5) no guide for future earnings - very telling
love all the talk of confidence ...lol
especially love
" A new culture needs to be established, one that will allow us to focus on this core business and make it a success. "
how damning is that statement
a leopard does not change its spots - if you cant sell the last cold beer in the desert....you wont sell snake oil in the usa