Member Info for Peer_is_amazing

They didn’t transfer any liabilities or risk with the US business sale. it takes time to migrate customers. I would say 6-8 weeks and in that time they are incurring operating costs.. so that’s still 300k gbp a month for the whole business. So let’s assume they get 700k usd in the bank. It will be wiped out by at least 700k usd in operating costs.

How will him resigning make bridge finance more likely?

Think we are due a good bounce back to 50 at least...

Pommy there are some available. You need to write a letter to Santa Claus and ask for an early Christmas present.

Welcome new investor... !

Rns says at the end... more news to follow very shortly. Also presentation at 1pm.. happy to hold.

So if they are performing so well since March.. why have they lost 3m pounds in 6 months? That’s 500k per month!! What do you think a 50% increase in subscribers will deliver to their bottom line?

Where does it say increasing sign ups by 50% over a year? Levels of subscriber acquisition in the UK showed a considerable improvement in May, with net new sign-ups at their highest level this year and over 50% higher than the previous high watermark in March. Average Revenues per Customer (ARPU) from new subscribers has increased and churn remains consistently low. Clearly they state a monthly figure. Can’t they give figures about how many subscribers they have in total? In March we have 20,000 customers, in April we have 22,000 customers etc.. why not publish transparent figures?

Delato they were told yonks ago to change their business model. They have burnt another 3m quid in six months why do you think things will change now? The board state they are seeking to get a bridging loan.. Well I hope the directors put in their own money again as a bridging loan because it proves they are fools.. it will be unsecured and swallowed up by Barclays. Good for shareholders who take back control of the Company.

Board could have said : “We are selling our US operation and we are going to concentrate on the UK with a new concept and strategy” however the useless board have clearly stated they will just plod along as usual with the same USP. as Delato said before he said the concept is flawed. When will the board wake up??

Previous posts from advfn... wondering why you have hanged your tune so much? deltalo - 15 May 2018 - 22:24:31 - 755 of 828 Time, I agree and they've put themselves in a desperate position to stay afloat. If you were after a cheap contract and can barely afford a phone let alone a contract, would you be happy to give 10? away to charity? First thing that they need to do is crap that idea until the company is making profit and then only. The 10? now should go to new customers on the condition of a new handset and spread the loss over 5 years, offset the charity contribution against there tax for last year and start afresh. I just hope it's not to late to save as there heart is in the right place it's just there head isn't. deltalo - 15 May 2018 - 21:39:49 - 753 of 828 This company bods need a good shake and a buket of cold water thrown over them to wake them up to the fact that customer's are not interested if 10? if there call time money is spent on some charity that they don't know or don't believe in. I myself pay into several charity's that I believe my money should go and not decided by someone else in a phone contract. The best thing they can to do is scrap the earth saving policy and concentrate on making money. I'm not invested here but it still makes my blood boil to see. Look like enough funds wasted and could be to late to save. I mean they are not Apple or BT, when you get big you can afford to give 10% of your capital away. Gla

Lots of faith in Nigel.. ! He has invested a lot of his own money so for sure he will be working hard for shareholders to deliver value.

It is not illegal for your nominee to lend your shares.. most don’t but some do.. they will be allowed to lend your shares as it would be in the terms and conditions. If you hold shares in a nominee account you don’t own them directly.. you old them beneficially.

Dave agree for sure management need to do better in communicating... 2.8m usd in cash is a lot..! Plus no debt.. leaves all their investments valued at about 2m dollars.. shiny newish rig, mgr plus Iran copper mine...! Come on board sell your story!!

Loan notes totalling 2.22m usd were repaid to Amedeo in April and May this year ( post period end subsequent events). They had cash of 915m usd in the bank. Admins expenses for the year were 620k usd.. so assuming half that for current year of 310k.. 2.22 + 0.915 - 0.31 = 2.825m usd in cash and no liabilities.. 2.1m gbp at current exchange rates.

2m gbp in cash and no debt now. Loan notes paid back.. let’s see what their new asset could be.

Iweb or Halifax by any chance.. problem with buying selling any shares today..

Chairman runs the company and that’s Nigel Burton. John Tracey just makes the tea and coffee.. I wouldn’t worry to much.

PN you are talking nonsense. knicol said they can’t raise below 1p and this is true unless they call a GM to change the nominal from 1p. They now have enough cash in the bank to do an rto. Very glad Nigel Burton is at the helm rather than useless Hamish.

Think Burton should take GUN.. we could trade at 50% premium to NAV lol