RE: Spideystreet17 Apr 2025 10:08
"wrt finley he has actually achieved more in six months than lyttle did in three years
market places rolled out across brands
plt rebranded and relaunched
millions of costs taken out of the business
two warehouses sublet and properties sold, as well as an over subscribed equity issue."
All resulting in a record low share price.
Everything he has done is window dressing, revenue still falling and losses growing while cash dissappears to dubai.
Fyi plt market place was rolled out last july - it hasn't worked.
As for the nastgal market place, thats just a joke - rolling out a market place on label that has revenue of 20 million and zero awareness.
As i said last night... There are 4 options available and none of them come without serious dilution or a complete loss to current holders.
Option 1 - debt for equity with 70 to 80 percent dilution
Option 2 - emergency placing where the kamanis pump in 100 million and dilute 70 to 80 percent
Option 3 - same as above but frasers also take part. This option is tricky as frasers will demand an executive board seat with Mahmud leaving the business also.
Option 4 - they call in administrators when they can't pay back their debt. The kamanis would also have to stand back and be open to all kinds of problems when the administrator starts opening up the books. And with this option the Kamanis could lose the company.