RE: Baffled20 Aug 2024 08:22
You are right, and i should do, but i lost a big sum in here through being asked to trust a certain individual who then stabbed me in the back. He, and the board, dont deserver to make any money here off the back off LTH or potentially new money, so im happy to warn as many people as possible. Ultimately its their choice whether to invest, but people need to be made aware of what i feel is being hidden here, that is
- They have minimal amount of money to develop anything as the last raise was to pay off previous incumbent. This means that they need a big placing or CLN to cover cost. This is why they are collaborating with lots of other tech companies (But at what cost)?
- The director owns over 40% of the company which will deter many reputable funding institutions
-They have no product to market and the timelines for the bridge are years away
-The director and now this legal company have warrants at incredibly low conversion levels
-The board are inexperienced. James has experience in property and Pete has zero experience in investor relations and comms
-Nick has already spent 27m on development under GSX group with no sign of any delivery
-They are linked to Vinanz, run by David Lenigas.... not going to expand on this :)
-There is zero volume at this price
-The directors issued themselves free shares for delivering nothing
There is plenty more i imagine, but the above are facts (Not purposeful deramping).
San