RE: Voting2 Mar 2022 19:02
"I see the point but I don't agree, their immediate term forecast to increase sales is only £400k on Health division, they only threat they made during the presentation that they may not be able to move from Alva but still mentioned that current production will continue until end of the year. Plenty of time to get their act together
my thought is that the amount to combat daily cash burn is getting hid in the "other" section of the placing plans breakdown. along with securing their salaries of course
they still have huge cash burn compared to revenue - which shows no sign of transforming quickly.
i agree with oke a lesser amount raised to get them over the next few months would be better for anyone who still wants to punt. give them cash burn for a few months and if they havent transformed sales then game over...find another lifestyle company