I suspect a lot of people made some very good money out of tcg these last few months, most of us are all doing it to make some money, you pay your money and take your chance but this one hasn't worked out well.... Dust yourselves off and keep pushing forward... GL to you
First things first they should be utilising everything that flf has to offer, using flfl manufacturing/distribution and logistics would cut costs and have a dramatic impact on the the trading margin...
They really need to start behaving like a listed company and not a private company, their treatment of shareholders and investors is awful
It seems to be rinse and repeat whenever koovs get their hands on funding, they just keep doing the same thing every year, doing the same thing over and over and expecting a different outcome is the definition of insanity
They should also be utilising the flfl store network imo.... They could have koovs clobber in hundreds of stores all over india
Sadly since that post there has not been one exceptional rns, there has been one rns with 104 pc growth which is not exceptional as it has only gave back what was lost the previous stinking year
Since that rns the the funding deal with flfl has been changed and extended 3 times to benefit flfl and it has crucified the share price
Also they have let the price slip so far they can no longer issue ht media shares as dilution would be to heavy (flfl will not allow it imo) we also don't have enough money to pay them the 1.8 per tranche of the remaining 3 tranches so funding is now 18 million pound short from ht media
Also koovs have not used flfl for manufacturing/distribution/logistics or future pay as they said they would
The only thing to mention on sustainable growth is that the cfo has said he believes the 104pc growth is sustainable (the cfo is massively out of his depth)
Koovs and all it's advisors are totally ignoring share holders also
The management here never accept responsibility for their failures amd always blame oitside forces,they even blame the market for the share price collapse and not themselves which is insane!!
Like i said i don't believe flfl will let it fail as if it does fail the whole company will end up in Waheeds hands due to his 8 million loan note which sits him at the front of the queue in liquidation...
How the hell are the CEO and CFO still in their jobs?
As for the chairman he must be clinically insane to still be in his role as he to blame from day one
Im holding for the buy out now as in it's current form this company is toast, there is no way Biyani will let these fools keep going, if we can see they are out of their depth then so can he, they have done nothing in the last 15 months except burn cash!! Nearly 20 million quid the CFO has set fire to!!
Biyani if you are reading this you can have my shares for 10p...... If not im bailing at 8p lol!
These clowns went begging in the city for money at 15p a share.... Then do sod all to stop it collapsing to 5p.....if anything their behavior has helped it down..... They are an utter disgrace.... They must be mentally ill