Guessing nobody has actually read the report, just the ramp from the RNS???
Unsustainable business and the board just keep spouting lies.
I'm sure they said they didn't need funding before they got the placing?? With just over £40k left in the bank back in March shows the lack of truth coming from the board. Can't trust them, you won't know they're up the creek without a paddle until they are in the same situation as TC.
Just shy of 19m warrant shares come into play tomorrow, should push the price back down to a realistic level (3p). I hope the new revenue streams are substantial enough to help catch up the mega cash burn before the money dries up.
With over 5k posts that must make you the oracle Drax. And just to point out the SP down another 3% instantly, guessing you have your life savings in here Drax, unlucky, but hey come back in December and you'll be a millionaire. Full of dreamers in here with no tangible evidence, so they have to spit the dummy when anybody has any criticism of constant failings (backed up by facts).
Can't see an RNS while at least Thursday, probably Friday, that is if they deliver on the "Market Updates next week" tweet at all. I'm not sure what they are going to announce of significance anyway, they have already released their future plans which havnt come to pass yet, more empty promises most likely. And the current trend is to sell on news at the minute, so I believe the only reason this is still near 4p is because of people's anticipation of "good" news. Heading for 3p or below after the RNS (if/when it arrives.) Time to get out on the next spike me thinks.
I can't be anything else bar impressed at the support levels in such a quite period (RNS wise) given the price rise in previous months. Most other companies would have drifted back down within days. I can't help thinking the next RNS is going to be the mother of all RNS'. The SP rarely goes as predicted but I believe it will definitely reach new highs very shortly. Fingers crossed!
I'd love to believe the targets they keep releasing in their RNS' but when they don't meet them its hard to have faith. You would have thought Sanj with all his experience in a similar role wouldnt make the constant mistakes, after all he's done this before. And if you can't judge a company on its past conduct then what can you make an informed decision on?! The management reminds me of a political party manifesto or project, hardly ever delivered on time or within budget (that's if the plan is completed at all). Also, I'm not taking the funding through 2021 as gospel as its based on projected sales and cost, if you don't have the restaurants you don't have the income, if you spend more than expected then the money dries up earlier. Oh yeh, the small matter of 8% dilution today isn't ever going to be a plus either, I know the reasons for the extra shares but it still equates to each of my shares being worth less than they were yesterday, fact. If BD is nationwide at any point in September I'll be amazed. If they don't need any more funding before the end of 2021 I'll be equally amazed. All in all I simply don't believe the hype from the management (not to do with rampers on here). Hypergrowth? I'm guessing that's happening "behind the scenes" or just in the management teams heads because there's no tangible evidence of steady growth never mind hyper!
Like a lot of investors in this company, I'm putting across my frustrations in the managements incompetence. You don't have a single point to make which backs up their failures. Pretty pathetic if that's your response when your sober, I could understand if you had been on the drink.