RE: Slowly Slowly Catchy Monkey!18 Mar 2022 16:19
Hi Dodge
It pains me to say this company should have never existed in the first place,
Any sort of new product, idea, technology takes years to test, approve & market with the associated costs, it should have been done 'in house' in an existing conglomerate
It was floated off at the perfect time, people were locked in their houses during the pandemic looking for something to do, and they found the stock market, if you tried to float this company off today, and many others, you would have no chance.
The world is totally different now, higher interest rates, rampant inflation, stagflation, energy costs through the roof
We all know what comes next, they will run short of cash, they will have to raise more cash,
What will the reception be when they hand round the begging bowl to existing shareholders ?
2 options
1. They can say sod off and let the company go bust
2. They can give them more money
Would you feel happy giving this company more of your money to do what they are trying to do in this environment ?