Glad I waited9 May 2025 07:02
These new poster were far too bullish
Belluscura remains committed to achieving profitability. The principal constraint towards achieving this is access to sufficient working capital to fund bulk orders of completed goods, as bulk ordering is a key factor in significantly reducing the unit cost of goods sold.
To address this, the Company has initiated a strategic review, which will evaluate a range of options to substantially strengthen its capital position, including potential strategic investment, partnerships, alternative funding structures and other corporate initiatives. The review is aimed at supporting both the Company's short-term cash requirements and its longer-term growth and accelerating its path to sustainable profitability.
As at 30 April 2025, the Company's cash balance was $1.00m and its working capital bank debt balance stood at $0.79m.
There can be no certainty that the strategic review will result in any specific outcomes, and the Company will provide further updates as appropriate.
For the avoidance of doubt, the strategic review is not for the purposes of soliciting offers for the Company pursuant to the City Code on Takeovers and Mergers