Growth and development26 Jun 2020 00:35
Hi all, this is my first post on here or anywhere really. I like to read peoples posts but never really comment, but I thought I give it a try.
Firstly thanks to draft for posting the information re Gyrometric, very interesting read.
I also wanted to comment on the "contracts on hold" statement. I don't think anything could be further from the truth based on the comments that Trevor has made in two recent Rns's. (see below).
I think both Cloudveil and Gyrometric are busy working, just no news as yet that constituites an Rns.
Trevor Brown, Executive Director of RMS, commented, "The Board of RMS has been pleased with the trajectory of its most recent investment, Cloudveil, however the recent significant upsurge in demand was unanticipated. It is too early to say clearly what the financial impact will be upon the Group's prospects but, combined with the new order for GyroMetric products, the future looks brighter than it was the last we communicated with our shareholders."
Trevor Brown, CEO of Remote Monitored Systems plc, commented "The funds raised will be utilised to promote the continuing growth of GyroMetric and to develop the Cloudveil Intelligence and Security division, which is currently assisting two of the UK's largest security guarding firms to manage the evolving risks associated with the Covid-19 pandemic. The significant participation of the Board in the fundraise confirms our confidence in the future.
Our objective remains to minimise dilution and maximise growth in shareholder value by controlling costs and focusing investment on growing our sales teams whilst we continue to seek further opportunities to enhance shareholder value."