RE: Valued at cash in bank12 Dec 2019 17:02
Cash burn would have to have been significantly reduced to have 0.35 of a penny per share in the bank
They had practically burned through all the ipo money within approximately 9months
At 0.35p you are making an assumption that they have hardly spent a penny in the proceeding 8 months upto now (December). I would be astonished if they had the equivalent of 0.2p per share cash in bank.
This Tom fella has been appointed a year to late while the management have dithered this way and that squandering money without a clue spewing false promise after false promise. (anyone seen anything of the brand ambassadors)
They now set up the telesales that anyone with 2 brain cells would have done from day one, and when have they decided to set it up ...... the start of the festive period when restaurants are not interested, you couldn't make this shyte up could you.