Been doing some research12 Jul 2016 09:45
http://www.elcom.com
More than 120,000 active buyers across 200+ client organizations and over 120,000 connected suppliers, with more than 140,000 actively managed catalogues.
In Scotland there is 32 Councils. How many Councils do you think CBuy have? One. Elcom have the majority of the business but this is due to tie in with Scottish Government.
By going Global and trying to expand as quick as possible, investing so much into large salaries and chasing contracts that have not materialised is just suicidal. What I want to no is why these contracts that they were chasing cancelled? I just don't get that
The main question that everyone is not grasping is Roberto Sella and his Associates? Why would you invest £6m plus into a company at such a high share price without due diligence. ??? Why??? He could have take full control of this company if he wanted to by waiting a few months.
But his investment has gone down from 20p to 3.5p for £1m and then from around 8p to 3.5p for £5.75m.
HE must be seriously ****ed especially if the Duncan's have played him to be a full. But there is more than him that is serious ****ed.