RE: Big Cloud3 Aug 2020 22:51
They could have 20,000 restaurants on the app
But without money it won't make an ounce of difference
As I said their hand gets weaker by the day
The markets not daft 6months ago with 2000 restaurants and significant chains on board this would be in the region of 15p to 20p a share. Today it dropped 8% on news TGI's where onboard.
All because the situation has changed, and with money shortly due to run out, the financial position is approaching desperate, any potential investors will know this.
It should have all been wrapped up 6months ago not last minute.com
Who will stump up money to keep them afloat ?
The only funding I envisage is by way of massive dilution, leaving current investors battered and bruised.
The board can always award themselves more shares to minimise their own dilution by way of the salary sacrifice scheme. Lol