RE: Still waiting for sales news.18 Mar 2023 11:03
Trisor the BODs have a legal obligation to keep the market up to date with material developments, good or bad.
If I was in deep Id get my commercial solicitor to write asking for details of discussions, who they were with, when did they start, how substantive were they, it's 8 -9 months since RNS stating discussions taking place have they concluded or a recently stated are they still progressing. If some discussion have concluded when was the market updated, if not why not.
Its a year since 8 verticals were identified and nearly 10 months since RNS listing 7 verticals and 37 products stating "these areas the Company will be focussing are based on significant market research and feedback from potential customers."
A solicitor could ask to see evidence of significant market research and feedback from potential customers created prior to RNS .... they would also ask for details on what products are being developed since RNS, evidence of work, who's leading each project etc. If not 37 products now being developed as per RNS how many and when was the market updated, if not why not.
It is ten months since this RNS and nothing has emerged except two poorly mocked up bottles.