RE: News20 Jan 2024 19:45
laura
they were market leading in 2021.
they have spent two years making almost none. any they have made seem to have been discounted.
they have lied about orders delivered or sent. see 2023 new year updates followed by trading update mid year.
they fail to inform anyone of any delay, alteration, plan. their sums don’t add up and it seems to bother nobody.
the design of their kit has changed but there was no update on that and the cost affect. new materials needed, old materials rendered useless.
and recently they have paid massively over the odds to raise money. someone tanked the share price selling a few 100,000 shares.they new company used that as a reason to drive a better deal which stinks to high heaven.
both companies use same broker extracting huge fees.
essentially the good old shareholder gets treated like ****e here.
and this is it. if they mess this up they are dead and buried.
all that said. there is some demand not matched by anything other than one notable order.
they have medical clearance in a lot of places worldwide. eu expected this year i think.
so they have lots of market open to them.
they just have none to sell and despite having all year have seemingly made almost none of the first or second model.
there will be january trading update that will make it very clear how great the future is. ‘jam tomorrow’ is their byword. you will hear of ever expanding opportunities and markets and that this is the time to push on ‘with confidence’.
that is usually translated as ‘there will be another delay but we will let you know 5 months after everyone else’.
ron rauker will tell you ‘he likes to hit his numbers’ but there will be no evidence of any numbers being hit.
if you read their latest updates ‘direct to consumer sales have trebled’ but the lowly shareholder knows not whether that is one unit to three units or 1000 units to 3000 units.
you can therefore assume it is closer to one unit to three units because if it was 1000 to 3000 units they would tell us, the price wouldn’t tank as it has…. it would stabilise and the new team of crooks wouldn’t have the ability to screw us over.
whether other companies have something similar only time will tell but two years wasted producing not much other than opportunities.
for most of us, the best result is a good year followed by a takeover by a bigger better placed company. one who is not happy to give 98% of the company away in exchange for a signed photograph.
so…. i think the trading update will be dire. will barely mention sales. and the price will drop to 15p
1-2-1 parity with new company will remain
if you invest i’d wait for the trading update. if you invest set yourself an exit point that is actually reachable. if you are in at 19p i’d get out at 30. that is achievable
but you now have 25,000,000 new shares owned by wealthy people who are not locked in at all. and they
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