Member Info for DD77

They continue to flatter to deceive with more jam tomorrow

Stop clogging us this BB with your pointless ramps

This is a dead duck which is why Rachel jumped ship. Read the tea leaves guys. It’s all positive words, letters of intent blah blah blah. No substance behind it.

Yes that is important balance but unfortunately the update leaves more questions than answers and that’s what causes concern. It appears the business model doesn’t work without a critical mass of customers within an area supporting an in house plumbing setup. This was always my concern. How has the situation deteriorated in such a short space of time?

If it was just a temporary funding gap, why haven’t they been able to find someone to plug it already? Putting a late in the day RNS looks concerning. I’m holding out of hope more than expectation now

I’d rather they just sold it tbh. What terrible financial mismanagement

It’s sure fire signs of a slippery slope when these things happen

Irrelevant. Cash is king and they have no pathway to profitability still. Revenue is vanity which is why the market has reacted as it has. There’s no confidence in them delivering a profit and a return to shareholders

An ever decreasing cash position even to 2027 does not indicate that they won’t require further cash raises. In fact it suggests the opposite

They are not close to breakeven. Forecast for FY26 is for net loss to increase to $1.3m

Not impressed. Forecast for an increased $1.3m net loss this financial year. It’s become a lifestyle business, taking PIs for a ride

That’s what we all hope for! My concern is that they seem to almost act like a community interest company/charity and shareholder concerns are not a focus. The fact that hardly any directors are invested here says a lot. However I remain a holder because it’s still hugely undervalued

Nice to see someone else still in here.

I agree it should remove uncertainty and make it more attractive to potential investors, despite the massive dilution. The board need to start delivering on their expansion and returns to shareholders but macroeconomic issues seem to have badly plagued the company in recent years

Density building is key to improving margins

Fairly underwhelming update but no bad surprises. I expect much of the negativity is baked in. Might drop to 1200 but expect it to settle towards the 1400-1500 range in the coming months

Yeah but the company always expects break even in the next year but has never achieved it yet, hence the current SP as investors have got fed up of jam tomorrow

I expect a short upturn but the market wants to know when they’ll be profitable, which remains elusive. Turnover is vanity, profit is sanity after all

Thank you for your kind words, I will do. ATB

I've cut my losses here over the past 10 days, no longer have any faith of a revival and the prospect of a fund raise outweighs any potential take over, which is the only way I see shareholders getting any return back. Good luck to all remaining holders, a truly forgettable experience for me. I took a tranche of my Rolls Royce gains when it hit £2.50, to invest in here at 4.25p. Even averaged down further here about 6 months ago. Terrible decision all round.

Another stellar year of SP depreciation. MCAP down to £14.5m and all interest in the company now sapped out. Congratulations

Trying to flush out any last bidders!