RE: Expert comment on security breach4 Feb 2020 08:41
I’m newly invested here. I know the company as I live local and it’s a thriving business that many folk talk about, I’ve actually visited there main HQ and it does look impressive.
Regarding the cyber attack that will be resolved soon and most losses covered with the insurance ( that’s the purpose of insurance ) a typical attack can take a week or just over to resolve..
The finance will also be sorted, in the last RNS it was written “ the board is seeking to secure alternative funding in the near future which may or may not be forthcoming”
Now the RNS’s are not written by the company. They are worded by Nomad, hence the bad or confusing phrase used. I know this from a good source.
The redundancies in a way created company recapitalization extending from March until the end of April, in the last trading update revenues and businesses was in line with the updated agreement with midcap. So now tranche 2 of the loan agreement can be taken or is close to being finalized.
This company is going places, it’s not a typical AIM bag of rubbish. It’s got a genuine trustworthy BOD with amazing products. For those with patience from these 1p levels will be heavily rewarded in sure. Once the new facility is bought online revenues will rocket and profitability will be achieved