POS23 Mar 2017 07:50
Number of Existing Ordinary Shares. 75,000,000
Number of Placing Shares. 25,000,000
Enlarged Share Capital on Admission. 100,000,000
Placing Price per Placing Share. 8 pence
Estimated Net Proceeds of the Placing
receivable by the Company. £1.66 million
Market capitalisation of the Company
at the Placing Price on Admission. £8.0 million
So in 10 months they have probably spent £1.5m
Trading update in a November provisioning over 200 new orders on average per month and still only have 600 small businesses directly contracted?
POS this company with over half of their revenue being to Dave Breith company.
What do they need? Another £1m is all they can get at around 2p to keep the lights on for 6 months
Dave Breith is not to be trusted or any company associated with him.
A HUGE SELL