RE: Covid safe app15 May 2020 11:21
I am 90% sure that app was a bait which was used to lure investors in , company was skint and needed to raise some money , a few well known p&d merchants on twitter were employed to provide liquidity and rest is history. Now here is the question, a company which has no previous experience in app developing apart from failed "blockchain" experiment is telling investors that app they are developing may not get to commercialisation stage and there is gaurantee that it would generate any money.On top of that raises money at 1p and 1.25 and our investors are happy to pay 4p and keep on "topping up". But hang on a mintue , company is not debt free total liabilities are over 1.2 million and last year company generated a 102k revenue.If this app fails to take off, how would company fund itself and pay its liabilities?