RE: Prospects are very good here imo7 Mar 2021 14:06
They're going to need cash, AIM companies are not adverse to saying one thing but doing another.
Holding half a million in cash as of Dec 2020 but i believe this will quickly be used up by proposed plans for expansion, which in its self is no bad thing.
trading update quotes.
New Head of Sales and new Head of Procurement appointed during the second half of 2020 to accelerate revenues
· Reflecting further confidence in the Company's products, investment has been made in the appointment of three new sales professionals at the start of 2021
· Enhanced spending to improve market penetration in key territories in Latin America
Profits aren't going to cover these costs in the short term & company needs to show it has a healthy bank balance to gain confidence from suppliers/buyers etc , markets seem to realise this fact hence the drop in share price to where we are today.
Results out soon so will wait & see. imo