Member Info for lemonade

I'm a chartered accountant for nearly 30 years ,
And I've got no idea what the FRC do.
"False factory"

So, 'Jester' status confirmed for Kilgeever.
Should see a bit of comedy today,,,

Can we hear more from kilgeever please, sounds like he eats baby kittens for breakfast.lol
Brent and wti seem stable??

You've been making love to your keyboard all day, and well into the night...
Stick around,,, your entertaining for sure.
Personally will be looking to add more, so not entirely different to your position.

FRC LAUNCHES INVESTIGATIONS INTO KPMG AND PWC OVER THE AUDITS OF EDDIE STOBART LOGISTICS PLC

Go to www.frc.org.uk

Very interesting

TheFRC are investigating KPMG and PwC,, not Eddie Stobart.
They recently slapped a 5million pound fine on KPMG over its audit of Co-Op bank on 1st March.
FRC are holding auditors to account.
Worth googling the current and settled law suits against KPMG and PwC...

In the meant time, LAM looks ready for a trade...

google FRC eddie stobart,, a few reports there, all very brief,,, basically investigating the auditors..
damages?????

That's part of the problem Jsmith.
everyone's expecting opening in July,, and that's priced in now, any issues to opening and it will negatively affect price.
Also the ability to issue more stock come July, will weigh heavily imo.
On the hopeful side, if Aidan announces a great funding deal in the mean time, that should see a boost..

wonder if ESL board felt they were done wrong and asked for FRC to look into the audits,,, ??

Didn't realize the markets were closed,,Dish tends to achieve similar volumes over the weekend's as it does through the week.

Your probably the only self proclaimed investor that prefers a BB full of garbage, of which you contribute all of it, than a sensible BB where you post none of it.

Share price has held up very well today.
Expect the usual sell in May and go away to take hold this week as liquidity disappears.
Only 1 month to wait until we're clear for the fund raise.
Higher target remains 2p resistance which is can't see being achieved for a long time.
Lower target is 1p mug punter price.
Long week ahead.

Your probably correct, you come across as a Guardian reader, so could explain the lack of detail/facts?

Surprised you've never heard of Bangkok. It's the capital of Thailand, and home to around 18 million people.
Pattaya is a dump.

Well it looks like you didn't read it very well, that was up north in Chiang Rai. About 500 miles from Pattaya.
Bit like comparing London to Scotland ?

Tanya , which areas of Pattaya are you familiar with?

Looks like they are able to issue new shares as restaurants get the green light.

From RNS Feb 3rd:-
The Company notes as previously announced on 30 December 2019 that it has no headroom to issue new equity prior to July 2020 without the publication of a prospectus. There are no plans being considered to publish a prospectus.

Also commonly known as loan stock, loan notes constitute a particular type of debt security called debentures. ... Convertible loan notes represent a right to subscribe for, or convert the loan note into, shares in the issuing company and so will generally be unsecured.

A placing usually involves offering your company's shares to a selected base of institutional investors. This allows you to raise capital with lower costs and greater freedom and it gives your company more discretion to choose its investors.

Any other options?

You can read this very positively if you like but it raises more questions than answers.
Debt faculty???
There is nothing to secure debt against, hence my assumption they will go down the CLN route, securing debt against share holders, ie dilution, but dressed up in a nice boutique sounding way.
Adapting their business model???
What's wrong with the current model?
As i pointed out it generates no revenue, even with 10,000 restaurants listed on the App. they need to address this first before going any further imo,, better to fix problems early on than moving the goal posts, as we already saw with boots on ground hyper growth phase, which was a massive failure.
BigDish remains non investable until these matters are sorted.

Hi guys, I listened to Aidan Bishop's interview from the ************* conference. The key takeaway is that the company are already advanced in revamping the revenue model post Covid19 away from simply the transactional model. Pre Cov19, they were already thinking about adapting from just bringing diners to restaurants and the pandemic just accelerated this thinking into action...increasing functionality in the app. To be honest, he wouldn't give any details but I got strong feeling that positive RNSs will not be long coming..also, he mentioned that pre covid19 they were already in advanced discussions over non straight equity financing..he stressed that the company is well financed till the end of the year so maybe if they do raise some form of debt financing it will used to further accelerate their plans which can only be a positive..I got the feeling that financing would be done via a new tech fund geared to restaurant space...UK sales team furloughed whilst tech team in manila actively working albeit from home..notwithstanding the awful state for the restaurant space currently, I am greatly encouraged by the fact that BigDish were already in the process of actively adapting their business model and Cov19 has sped this process up and has potentially presented new opportunities for them.