Member Info for LividLoon

Spot on call on this.

Over reaction? Not so sure.
There must be going concern issues here now.
Now they say 2nd half (60%) weighting in terms of revenue. There costs are running way ahead of estimates, hence profits warning. They haven't been generating enough case to sustain the business, hence they keep running back to Beachpoint for financing at 10% plus.
Debt will now stand in advance of 15million (if Beachpoint oblige).
This all looks to have forced their hand in the relocation / restructure to setup dev/support shop in Costa Rica to cut costs. This is a major change which would take time to bed down - may results in delayed mandates / revenue for 2022
The looks increasing like this goes bust and Beachpoint pick up all the pieces.