I am taking this lack of an rns after hours as a good sign, maybe we will wake up to a government guaranteed loan in place and the shares start trading again.
Energy reduction works if you have a good business plan, for example take a look at a private company Matrix. No need to fleece pi's like us on aim. Just hard work selling your products. I won't lose a fortune if these go but a pounds a pound where I come from. Also think about any suppliers contractors ect who will also get nothing if they go. A tale..... a few years back we did loads of work for one of those chaps that was on the secret millionaire tv programme thought he was a big shot loved the lime light, this week the administrators sent me a cheque for 0.74p in the pound yet that ** f*** still gets to keep most of his ill gotten gains. Good thing tho is I know he would give it all back just to walk the streets again without having to hang his head in shame. Ethics mate worth more than money. Well done and GL.
Oxo did say they now have 21 employees, could the extra three be sales execs two were appointed a bit back. They would not be cheap to employ unless they were paid on sales. Could be yet another reason for the quick turn around from being ok to requiring cash. Could be they knew sales had to increase sharpish due to the green deal f*** up.
My business is in the construction area, we are booming again have been for 18months.
Come the later part of the year and odds on this time next summer there will be a shortage of skilled construction workers yet again. Building prices rise/house prices rise ect, been here before seen what happens and like the ressession it happens so fast people start panic buying.
This could not be a better time for Vphase to pull itself together and await on goverment approval.
If Mrs V Murry is such a clever business woman ie giving out advice ect lets she how she handles this.
Last month i had thought we had lost all, with the extentions being allowed twice now i think 50/50.
If when the magic rns does come the bod have had so much pressure put on them to resolve the lets say cash flow
i would not expect them to fall into that position again.
Drop the cost and flood the market policy is my recomendation to them.
I just want to see either way where it went wrong or what the turn around was, i am banking on cash flow problems which with a touch of help could get us to like they said profit in 2014.
Your magics working oxo, im sure of it, takes a bit to sort loans/funding from other sources than the insto's, we live to fight another day.
Have a good week end.
Mr Smith and co will have to come up with an anti business plan if tomorrow is DDay with all the info you have provided.
Anyway if the stuff hits the fan, i for one will be keeping a close eye on any of vphases actions, one misshap thats not 100% legal we start shouting.
GL.
Oxo i take my hat of to you, the work your doing here could in the long term turn Vphase around.
If there was a vote of share holders today you would be appointed to the BOD without question, and i am sure you would kick some backsides.