Accounts29 Jan 2021 14:28
So September 2020, dish had £156k in cash. £50k of that came from a loan, see the cash flow statement.
They had liabilities of £258k. Leaving them £100k down.
Then they have current liabilities of of £237k, but according to note 5 £207k of that relates to this nee loan.
So dish were bankrupt at the point of securing that loan. And of the £207k they drew down, roughly £100k of that was spent immediately just to keep the lights on.
Over £800k of warrants lapsed during the period. 9.5million remain at a price of 4p, most of these will lapse on Tuesday.
This set of accounts is a mess and dish by Q3 will have to start paying back the £500k loan, unless some miracle happens and the company choose to convert, these details we are still yet to have received.
Until then you can all ramp on hope. But the facts show a very negative tail and for me this company is valued at £0