For The Record24 Mar 2019 01:03
Those of you that are still in denial, here is what the CEO stated on Friday.22nd March 2019
Hope the capacity of your brains can absorb factual knowledge as no doubt most of you been in La La Land
GLA
Costs Reducing
The cost of acquisition per revenue generating unit, a key metric, reduced materially in October 2018
The cost that the carriers are charging Toople is going down - the carriers are giving Toople a better deal as they become more significant
As a business we can probably grow exponentially 20 30 40 times bigger than we are today without actually having to add any heads into the business - That really is a key asset in terms of Merlin (CEO, Presentation, 02 Dec 2018)
Exponential Growth
"Growth is exponential..the business is in a really good place and shape, and is well capitalised through to positive cash flow generation....the opportunity for Toople is massive."(CEO, Presentation, 01 Oct 2018)
"Over the last few months we have made tremendous progress and I am very pleased to announce that Toople is showing strong growth, proving that our strategy is working."
(Richard Horsman, AGM statement, 22 Mar 2019)
Fully Funded
Director's Talk Interview: 20 December 2018
Q. You also completed a successful fundraise this year (in Sep 2018), can you tell us what that was for and does that mean you'll need to raise more money in the short term?
A. Certainly not. We're very pleased with the fundraise that was over subscribed in September, we raised gross £2.2 million and that takes us through to cash generation. So, in the short/medium/longer term the board believes that we are fully funded. (Andy Hollingworth, CEO)
VOX Report: 13:15 22 March 2019
Justin Waite
"I had someone on social media saying "they probably need to raise cash soon" and you say here that your cash position remains in line with management expectations."
Andy Hollingworth
"Let's quash that straight away - we absolutely do not need to raise cash. If I remember, from the fundraise that we did last September, we absolutely made a statement at that fundraise that those funds were enough in the boards opinion to see us through to cash generation. Nothing has changed in any way, shape or form and our cash position remains absolutely in line with our expectations and our working capital forecasts. So let me be really clear: we are not in the market looking or needing to raise any funds AT ALL."