@NathanCAP 182800 wrote:
Maiden results for the year ending June 2008 saw the company post a pre-tax loss of £424,414 on a gross turnover of £21,763. In a statement this week, the company said the loss reflected the significant expense of preparing for flotation on the London stock exchange and building the infrastructure for further growth.
Gross turnover of JUST £21K ?!! FFS I’m sure most affiliates here are doing 2,3,5 or 10 times that !!
:flush:
@NathanCAP 182800 wrote:
On 5 March 2008 the company issued 12,000,000 ordinary shares at 10p per share, raising £1.2 million before expenses. The Placing raised approximately £1.03 million net of expenses to be used to fund the existing business, and its expansion.
170K in flotation expenses to raise 1,030K net?
:flush:
This guy might be a good poker player – but that is absolute crazy business processes – and this company looks destined for a cash crunch soon IMO.
:Cry: