RE: Expect news14 Aug 2023 07:52
The longer it drags on without any obvious income stream, the smaller the cash pot becomes.
It’s all a bit of a mystery as to how many employees are retained and what the monthly costs are.
Bearing in mind that they never made any profit on the previous Let’s Explore venture, remaining investors should be concerned that whatever they are currently working on (if anything ) is going to face similar issues.
Higginson stated that they wouldn’t burn through the cash this year, and I think it’s only fair to investors for them to communicate better as to exactly what their plan going forward is.
So far it’s very vague and on the face of it, nothings happening apart from some new product development which no one has seen.
As for the acquisition, my wife spends less time choosing what dress to buy and I thought was as tedious as it gets.