Member Info for Templeton1

They didn't go bust. Discount Dragon bought them.

26k Vodiac and 22k Let Explore packs to be sold in H2. So 48k in total.

Lets Explore selling for £100 each.

Significant revenue.

The acquisition is a great deal.

I looked at discount dragon when someone mentioned it here. Great business.

The price the company is paying for the new business is less than one times sales! And the revenues are growing at 500%!

Paying £3.5m for a company with £5m annual sales rate already and 500% growth rate.

They are taking shares and not cash. It shows where they think this company is going.

The £8m cash will all be left in the company.

Great news on the VR side too. 26k orders for vodiac plus the launch of new Lets Explore.

Back up to 4-5p quickly.

The new products look very good.

They will sell extremely well ahead of Christmas. We know from the February update which retailers they are working with. Amazon, Selfridges, Hamleys, Dixons and Fraser Group.

The new sets look very good. Wildlife with dinosaurs, Space and Oceans. They've been busy!

Finally starting to move.

4.2p per share in cash and profitable.

For starters it should get to the cash value of 4.2p.

LETS is very cheap. Buying price has been moving up the last few days. Now need to pay 2.65p for small amounts. The Ask price will move up soon imo.

LETS has 4.2p per share in cash and is profitable.

The share price has to rise 65% just to get to the cash balance. Add in the profitable letsexplore business and the company is worth a lot more.