Curtains for TLY1 May 2025 08:55
I posted this before, things were already very bad for TLY but man, how much bad news can you have in a day?! To be only 60% down so far is the only saving grace:
Why on earth would an Mcap of £6m be ludicrous? £6m on 3.5m EBITDA BUT completely ignoring:
£1.9m loss in H1 last year
Debt of £2.5m
Cash only £1.4m and falling the last three periods in a row
And then the inconvenient truths:
CFO suddenly leaving
CEO following behind(!?)
Recent cancellation of £13m contract with NHS
SINGLE CLIENT in the NHS.
What is there to be rosy about?! One more bit of bad news and it could be curtains, do you now realise the position here?