Concept
The CEO likes to hit his numbers. He said so 2 years ago. It was lovely to hear!
Since then not a single number hit although he did manage to out a lot of shares at higher prices
So I can only assume he was talking about his darts competition
Sadly the money has gone. I get criticised but not sure how you burn 800,000 a month sitting doing nothing
But the company is finished and people know it! Can’t blame them
I will need to work another three years to pay off the final 8p
If I live that long
Don’t despair… those on loan deals will take what’s left
It looks old news. It is posted on website if you google him! Just not showing. He was part of Tmt I believe and 90% of the reason we are at 8p… not 20p
So he’s no saviour. And I don’t think losing 500,000 will cripple him the way losing 75,000 has crippled me
cm22
constant lies
utter lack of communication
when it comes it’s awful
burn rate that invites suspicion
a device that was due for full launch last september that i thought was launched
55 million definitely over ten years has produced sod all
takeover that was a shambles
6 million raised
nothing produced
2.4 million pounds left
can you imagine if your partner delivered this sh&t show to your life
the mood in the house would be toxic for some time
thinking about numbers
if anyone is interested in investing
60,000,000 at 8p would raise the money they have ****ed away and may buy them a chance
220,000,000 shares
but may get them hope
without another raise they will never launch new model and rights and patents will be sold by receivers
They need to do 4 times the work with 1/4 of the funds
They will need another funding
My guess… 100,000,000 shares at 6p????
Dilutes but may be a lifeline to profitability
Maybe not
Who knows
Big bang
I just see what they trade on? No
Money to launch a product a year late!
No money to make product
No money to service old products
Inventory write down
If they are burning what is close to 800,000 a month without building anything their money won’t last the summer!
That 3 million includes the 5-6 million raised!!!
It’s beyond bad and no way back sadly
Just to watch 8-7-6-5-4-3p then administrator
CM
They have 3 million dollars
No stock
Not yet written down any surplus stock and inventory
They have lied about production
Sales
Everything
The burn rate appears to be 500,000 plus per month and that’s when they produce nothing
Intellectual property may be worth few quid to administrator
But this is dead
Lies and lies