RE: SP20 Oct 2023 10:12
Morning Davey, I didn't get burned as such I got out at break even when they launched their retail analytics tool, I jumped out on the spike and got my money back, sadly its been all downhill from that point. There is still small value in the listing but I can't see much else to cheer about, they're constantly trying to raise capital via CLN's or fundraisers which dilute shareholder value to get projects completed. Whilst they're fleecing shareholders they're paying their mates high interest rates on the loan notes as we've just seen in August, the proof is all there on the last set of interims. This is why financial costs have increased despite the cost cutting, they're lining someone elses pocket and not yours. Every year we hear the same old fluff whilst the SP dies a slow death. I can buy a million shares now for £480, the question is why isn't Geoff the CEO and the gang buying when they're so cheap, if he won't buy why should anyone else? The 3 main directors only own 6% of the company between them, they have no interest in increasing their holdings as there is no prospect of increasing shareholder value plus no dividend, ever. They get paid a salary regardsless and one of them is getting a high rate of interest indirectly on the loan notes through an offshore account. Quite happy to debate anyone on any point, please change my mind ?