Member Info for Dom-Bella

What volume are you selling - the 70 per cent ?

Eve Sleep PLC said it will need further funding in October should no offers be received for the troubled company.

Reporting a doubling in pre-tax losses, the so-called ‘sleep wellness brand’ said whilst a number of indicative offers have been received none of these talks have led to any firm proposals.

Significant cost savings have been made, the company said, but further cash will still be required in October based on current management forecasts as cash reserves will be fully depleted.

“We are doing everything possible to manage the business through these incredibly difficult times, whilst speaking with potential investors and strategic partners to secure fresh investment aiming to put eve on a more secure and sustainable footing,” Cheryl Calverley, chief executive officer, of Eve Sleep, said.

“The business has been streamlined dramatically, with cash preservation our absolute focus.”

“Truly unprecedentedly appalling market conditions have stopped 2022 being the transformative year that it was intended to be despite a very bright start and our focus is now on navigating the current storm through to calmer waters with a much more efficient business.”

Pre-tax losses doubled at the half-way stage to £4.6mln from £2.3mln and revenues fell 16% to £11.6mln with a 18% fall in the UK and an 8% decline in France.

Cash balances at the period end were £1.4mln and eve said current trading remained tough with sales orders in July and August down 14% in the UK and Ireland and 16% in France.

Under 0.30p maybe a buyer would bid . Under 0.20p I think we will see one .

Has got to be a buy then

Just hold , and relax. In my view it’s a great share to be in with all the big news to drop any time now .

Morning Crawshaw have a great day

Cineworld has confirmed it is considering filing for bankruptcy in the US, as the cinema chain continues to struggle with $5bn worth of debt.
But the company, which also owns the Picturehouse chain in the UK, insisted its cinemas "remain open for business" and that there would be "no significant impact" on jobs.
Cineworld employs more than 28,000 people globally.
Like other cinema chains, Cineworld was hit hard by the pandemic.
Many theatres were forced to close for extended periods during the lockdowns, or had to operate at a reduced capacity due to social distancing rules.

I would not what to be in for the weekend , finish price 2p

?

Do you think it could close at 1p

News this week . Good start with the RNS drop todays . Valereum loves 3 in a row

Not looking good

They have run out out money , and need to do a share sale . Devalued the exciting holders. Let’s hold they dont over double the exciting number of shares

It’s starting to drop .

When the USA wake up , I can see a dump back down to 9p

I can see the price moving higher into November this year

Hold on to your golden tickets

No problem, just wait for the start of the RNSs. In my view .

Just type in - Valereum plc Community VLRM

To join Telegram group

Great update , back to the 70s very soon