Member Info for foolsgold07

Unfortunately whilst CC is an excellent marketing
And all round product development director she has been promoted above her station.
A good team player who knows her product.
However as a CEO she needs to be tough and stand aside from the rest of her staff as she needs to make some difficult decisions.
Her number one priority has to be profitability and that just isn't going to happen in this retail environment.
MARGINS are being eroded through discounting,
Overheads are going up,working capital is being squeezed.
She has a decision to make go to the shareholders for additional funds or cut costs which means staff.

And I have shares in eve to...but managed to trade

Don't forget MODE started off at 50p....
But I'm sure this will be different

A change in sentiment with an industry acceptance of qbt processes could see this at multiples of today's mcap

Outside of the trading updates and regulatory requirements for half and full year reporting there is not enough engagement with investors.
As a result of this there is and always has been a lack of share trading liquidity which creates difficulty with momentum.
The other concern is cost of aim membership vs going private...placing at discounted prices with institutions that forward sell might help out the company with working capital / cash flow but of course this creates a downward spiral on top of a lack of investor interest.

Sales ...turnover is likely to be down...overheads
And margins are tight...making a squeeze on working capital ...cc is a marketing director promoted to ceo...who now needs to be somewhat ruthless on overheads.. has she got that in her...otherwise placings will be needed.
That's not the end of the world as buying into the inevitable dilution for a comeback ...make up your minds sell now ..buy back later or just hold.

Between now and the GM, the TR1s will be crucial in determining the direction of the business.
This business is viable and potentially very scalable and profitable going forward.
Will significant shareholders who offer resistance to the resolutions be preparing an alternative scenario over the next few weeks.
There was obviously a reluctance within the boardroom concerning the resolutions put forward hence the reason for the delay.
This may not be a forgone conclusion.

Commitments have been given for 43% of the issued share capital to vote in favour of the resolutions. They still need another 32% and I note the last institution to purchase was not on the commitments list.
This could become interesting.

The fact that you can sell 10k in my opinion is a positive ...providing spread is good.
Close to news soon.
As previously mentioned this will explode or die.
However risk rewards for smaller amounts is worth it in my opinion.

Surprised ...5 days clear notice should be given for cancellation of gm...should hopefully hear today..

Due diligence usually lasts anything from 90 to 180 days...so we need to be patient. I suspect we will get an update or result of some kind this month.

Yes the meeting was to have been on or before the 20th May with a circular provided in advance of meeting.
Possibly having second thoughts as a result of potential news...this really could explode or die

Totally agree, as ceo cc has a primary responsibility to shareholders and will be judged on profitability and shareholder value.
At present it would appear she is acting as a good well liked department head with innovative ideas at a staffing level.
All inmo...she was after all the marketing director.

Now we know why the she left.
She was very instrumental in the early stages,
Clearly she was worried in my opinion

All this speculation is pointless we will be informed shortly no doubt.
The key parameters is the business sector your invested in ..high volatility for a reason.
Filters are without a doubt one of the key growth areas over the next few years.
The risk to reward ratio is worth the wait.
Yes you might go belly up but the opposite rewards are massive. That's the point of investing in the risk.

Yes the history relating to AB and his ventures would lead many to believe this is another false dawn...however with a mcap of only 2m any tie up announcements will generate a share price re..rati g....the upside is significant and in my opinion worth the risk....

Financials

What's gross margin %
Cost of sales as a % of t/o

As someone rightly pointed out if margins are so tight they are running the business to literally cover overheads...in other words to keep people in work but with little likelihood of ever achieving a profit...interesting that we went from profit sustainability in 2022 to breakeven.
Whats happened.
Answer she a marketing executive not a ceo...profit is king for a plc...

Unfortunately cc...is a marketing executive director who has been promoted above her station.
The market has spoken and unfortunately there's little to get excited about.

The revenue guidance rns issued on the 11th November was critical ...and effectively an announcement that shareholders values would be diluted until sometime in 2022.
But don't worry this is just a delay...what utter nonsense. Working capital is now having to be paid via clns at a hugh cost to existing shareholders...by the time this is self financing the share price will of been diluted to high heaven along with a possible share consolidation for good measure. Another aim vanity project paid for by shareholders

The key to any significant rises will be profit or takeover.
The next tu in January needs to show that we are on track and very close to operating profit.
We are unlikely to be at gross or net profit at this stage as this would of been highlighted in the last rns.
What we cannot discount is a potential takeover if the numbers are encouraging.
Back to 10p in the next quarter is possible if either of these objectives are met inmo.