Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
I don't know something that anyone else should be aware of but what I do know is that if this company had been efficiently run then it would never have got into a situation where it's not recovering a large debt. Was the debt not insured because it would have been sensible to have done this. This is all quite basic stuff and it's completely pointless to make a sale if there's a chance that you won't be paid for it.
The individuals running this business are obviously completely out of their depth and need to sell the company ASAP. I'm going to use the abbreviation WTU, meaning worse than useless. The alternative is that the company goes bust which shouldn't be allowed to happen and won't happen as long as the dead wood is cleared out.
Do the board actually have a long term plan because share placings every few months at a price between £1 and £1.50 can't be the solution. Some sort of joint venture with a properly financed partner has to be the way forward but is this actually going to happen? Does the current board have the necessary skills to ensure that the potential of the company is fulfilled?
It’s interesting that Sir Peter Wood, who founded Direct Line, thinks that the company has been terribly managed for years. I totally agree with him. What bugs me is that the management pay themselves fancy salaries for doing a rotten job. As soon as this company is taken over and run properly the better.
With the big difference being that this time they've actually been successful but I would love to see the financial forecasts for the next 12 months.
This company does seem to be utterly useless / hopeless and it would be nice to think that it could be sold ASAP because the current lot of directors obviously haven't got a clue as to how to run a business. Anyone in agreement?
I purchased just over 19,000 shares in two tranches at a total cost of approximately £7,500 and want to crystallise a loss to set off against a taxable gain and am looking for something to sell. I liked AFC but it's been a pretty poor investment to date. Is this the type of company that will just burn through the cash and then end up being wound up or will it actually start to generate cash? I suppose the question I should be asking is whether the current board is up to the job and is the current CEO, Adam Steven Bond, the right man for the job? Or is this a case of jam tomorrow?