RE: Always be suspicious16 Aug 2023 14:32
Agree John, there must be a complete lack of confidence in this Board now from PI's. They promised accounts in July, it is over two weeks on from the deadline passing, you would think an announcement on progress would be forthcoming. I agree that any news they come out with now and the shares becoming tradeable again will see people just wanting to get out, no matter what news they publish.
I have heard from multiple sources the sheer lack of competence of this team. It took them over 18 months to disassemble and ship the production line from Dubai to Albania, if it took that long how are they expecting to deliver these rapid mobile plants unless they have a new design? For me they don't have the funds to design such a process as they only raised £2m and most of that will go I to delivering the current contracts. Also the cost to ship that production line was astronomical. I see them coming back to the market soon for more cash, especially when the factory gets finally up and running. I can see it now "great news everyone, the factory is up and running, however we have no cash, we need more". Typical CG