Why can't they operate Smithy ? I furloughed 80 staff and it didn't stop me continuing operations, in all honesty it allowed me to concentrate on more specific aspects of the business and get more done than I would have normally got done with the day to day disruptions in running a business. I don't think Aidan or any of the other board members would be any different.
Just because pubs and restaurant chains are closed key directors will still be working and it's these key directors that make the decisions and if Aidan himself approaches any of these chains it's a win win It's not a difficult concept to sell once explained it sells itself.
Great point regarding company Directors Tanya All directors will still be working behind the scenes while having staff furloughed. At this stage Directors from all industries will have more time than ever before to concentrate on initiating partnerships and business development in advance of lockdowns being lifted and returning to normality.
There are several pub and restaurant chains that BigDish directors could be talking to, that will be keen to listen to what BigDish can offer ( director to director )
"the Company has sufficient funding runway until the end of the year. This is well beyond Q3 according to previous guidance, and should reassure shareholders in the wake of recent pandemic related events"
As I said any increase in lockdown simply extends the funded period into next year 6months lockdown should theoretically see's us funded to May/June 2021.
If lockdown was extended to December and Tom and the team started 2021 like they did January and February this year we would be on approximately 1200 to 1300 hundred restaurants with no shortage of potential investors lining up at that stage I'd buy another 5million myself.
Hi Smithy I don't understand your logic if you have been following dish 1) prior to lockdown and furlough they were fully funded INTO next year 2)UK staff = zero cost to the company as all employees placed on furlough 3) Any extension of lockdown simply preserves cash longer (so i'm not sure how you conclude they will have no money come December unless you know something different and are claiming the company is lying to investors ?) 4) If lockdown was extended to December(very doubtful) it simply extends the period dish have funds to cover. 5) Last fund raise was done at an almost peak 7.2p 6) May be considered premature by some (but good to know) talks already progressing well regarding fund raise next year WITHOUT dilution. 7) We are in good hands with Aidan who has had no problems in head hunting key staff and if they haven't performed he has had no issues in replacing them (Sanj a fine example) 8) Aidan heavily involved at BMV has just secured 5million in funding from a South Korea investor.
All the information is out there just listen to the interviews read the RNS's
Regarding lockdown we are all in the dark and can only guess and presume when things will be eased, but with the government furlough scheme the effects to dish financially are negligible. Anyone who has followed the story so far knows as a fledgling company it's about growth. Boohoo 18p to 300p how long do you think it was before a profit was made. Alot of BigDish's competition in the food tech sector are valued in the billions or several hundred millions and have still to make a profit.
11.42 Great post Tanya and just about sums things up Lemonhead is a day trader and looking to re enter, best ignored. He has lost 50% of his investment in ESL and looking to recoup that loss here Sad thing is it's a nailed on certainty he will Someone is clearly not following the BigDish story as funding talks for next year have been progressing well WITHOUT the need to dilute !! The companies words not mine, they were the companies words that's the same company that last year raised funds at almost peak price of 7.2p Rest assured we are in very capable hands Costs currently next to Zero with all uk staff furloughed lockdown is purely delaying the inevitable and that is this Will rocket Will multibag Will get bought out within 2 years Ignore Lemonhead once he gets his entry and makes 300% here, he'll be back off to the likes of ESL losing the lot.
Every so often a decent size sell goes through yet when I try to make a purchase even small amount like 2k unable without being referred Says to me mm collecting low to sell high Can be checked by anyone holding a decent amount they'll take the lot.
I think it was Tanya who said the other day good news is being saved for Boris to announce his return to the public duty. After watching yesterdays broadcast this will be happening shortly as currently there is no plan, just a repetitive daily broadcast. Public now need Boris to return and announce the plan not just have one of his mp's repeating the same tripe daily.
Like a stuck record Doesn't matter not costing Dish as all UK staff furloughed and just prior to lockdown it was announced BigDish fully funded into next year. If they increase lockdown to Christmas it would just mean Dish are fully funded to 2022
No great shakes try not to worry so much about lockdown When it is eased what is for sure is Dish will be trading at many multiples of today's price