RE: statement in placing rns2 Jun 2013 20:05
Hi Jolly...
It has not improved and to make things worse they have their two main contracts on 120+ days and recognised revenue which is a long term contract from my quick skim....plus a reduction in bookings.
Management is not a core strength.....and the statement reads like a mission statement as opposed to a forward looking trading statement.....
The figures, forward booked orders, receivables, cash burn, do not match with the RNS and contracts wins...IMO
(Very unpredictable) i still do not get the figures....and the management have not explained them away.
Are you still invested......they must be trying you patience, but i do hope it turns out well for you...
GL