RE: Deliveroo29 Jun 2020 23:39
Worrying post Smithy if the already well established Deliveroo are making this offering it is going to make it very difficult for BigDish in particular
I see this as a real spanner in the works and a clever step by Deliveroo to crush a large number of food tech start ups that are trying to grab a piece of the pie.
The BigDish model is great and it looks like one of the Bigboys has noticed and decided to trample on any chance that was left of the BigDish team making this work.
With the latest dilution
Another set of safe to assume next to zero revenue results about to drop.
I fear this is going to take a severe bashing
Not alot to look forward to other than another set of poor results.
Followed by further dilution pushing towards half a billion shares.
Deliveroo's offering has made my mind up I'll be offloading alot of my holding, i will keep an interest in case they surprise us all, but following Deliveroo's announcement I don't think we are in for any surprises.