Cash Burn3 Sep 2017 16:17
For me my view is as follows
Negatives: I think the lack of information is the primary issue, and I think they are holding back on this as there is nothing positive to report. I cant see anything confirming that they are not still burning through the cash and creating new debts in the process. Have lost a lot of my original investment here so holding on as nothing better to do, but have genuine concerns that this will run out of cash soon and will go to the wall.
Positives: I bought in to this a few months back due in my humble opinion to the massive potential of proximity marketing. I have recently taken part in a trial of a proximity marketing tool for a very large retailer and the whole experience was very good, lets hope Prox can replicate and monetise something similar.
In any case lets hope we all make some money or at least get some of our losses back. GLA, DYOR.