Feet on the Ground12 Oct 2022 10:12
I think sometimes all have to take a step back and look at where the company is sitting.
Firstly, £1.4m was raised last week (£1.35m after costs) that adds to the £1m plus in the bank.
Cash now sits around £2.5m is my estimate - could be a little higher?
The cash raised was specifically to cover the costs associated with signing further contracts whilst leaving MOS with in excess of £1m - maybe £1.5m to manage the day to day business.
The existing revenue streams are plugging away in the background and Q3 is likely to have registered a minimum of £400k - maybe £500k plus - so without the NFT project the company is already on a run rate to deliver minimum of £1.6m in the current trading period - end June 2023.
The NFT project adds the spice - and is at the least proven in that the platform works and acts as expected so the company can now drive forward with further drops - starting maybe this coming weekend?
In summary, I see the company in tough times as having cash in the bank , driving a variety of revenue streams with an NFT opportunity to transform revenues and push to profitability by end June next year.
The share price (and no wonder with the likes of Steve_d) has disconnected from company performance - as hundreds of other shares have also. The truth is the share price will stay weak for some time.....
That is until we all see the results of Q4, The World Cup and those NFT sales?