Member Info for Davand

ABDX..why? Another very small loss making company. What on earth do you think this management can do with it? Run it even further into the ground is what they'll do imo.

Wow! I didn't think it could get any worse than Ygen. 2% .. what happened to the 20% + growth he spouted at Ygen 😂😂.

"the Group remains debt free and confident that the cash runway is sufficient to reach EBITDA profitability"

Hmmm, very similar to his words at Ygen not long before it effectively went bust.

That can't sell the products they've already got. Why bother with the expense of new ones they can't sell either.

As mentioned, a lifestyle company just like Ygen was. Must say the over hyped Ranger tech has been a total disaster it seems..All the gear, no idea !

Hemo, you posted this back then about Ygen. Similar story happening here maybe? He also said they had enough money to get to profitability.Hmmm, that went well.

RE: Action against the nomad and bod24 Dec 2022 23:30

This is what was said on 3 November.

Totally wrong about EBITDA and cash. It’s a total shambles, misrepresentation and deception:

‘The Board is confident that it can further reduce operating costs to achieve positive adjusted EBITDA in the next financial year, and can exercise control over discretionary spending and working capital to manage the Group's financial position. The necessary decisions will be taken as commercial progress in the second half of the financial year becomes clearer.’

6 weeks later and we are on the brink of collapse leading directors to lend the company money and directors benefiting from cut-price shares whilst existing shareholders are burnt alive.

Disgraceful

Fairly obvious isn't it?

"While certain initiatives may require further support from existing shareholders, they will be pursued with a clear focus on driving shareholder value."

So exactly what does the above mean?

"stated at different times that there would be no need to raise extra funds and they have enough cash to take the company to a profitability".

Word for word what he said to Ygen shareholders just months before he bankrupted the company. He should come with a wealth warning. For all his faults WBA has it right. Beware everyone!

I can think of a few more words and reasons too!

"Make the cash work ! Stop the rot". Not likely, looking at who's in charge and their past horrific performance. Already getting the begging bowl out it seems.

"seems a bit questionable to me". Must be the understatement of the year. Just look at previous carnage they created .

Oh dear! The point is it doesn't matter if they had the cure for cancer this lot couldn't sell it 😂😂

Why new products? They can't sell the ones they have already.

Erm, I don't think USA is that much in debt 😂😂. More like 33 trill. There will only be another pandemic like event when the globalist elites want one. Or do people still think it came from a bat 😂😂

"vaccines can save lives" check what is in the c ovid vaccines and you might change your mind!

"So yeah he lied". 😂 😂... better get used to it...

Very expensive and total overkill for the size of the company. You would think it's the premises of a £100M+ outfit. I can't remember exactly what the rent is, but I do remember thinking it's expensive.

Past management performance suggests there will be nothing left soon.

They can't sell what they already make .

All the gear,no idea it seems. They just aren't very good!

For indications of the future just look at Ygen. Enough said!