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@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:@thisisvegas 182911 wrote:
Maybe he wants to be as popular as Johnny Chan …
and that closed……
I was actually talking to a managed services company the other day who have taken a number of brands online and he said it is very hard to make money from an established brand or name – For example he took a brand online that I can guarentee we all know and already had millions of online users for their orignial site but the poker add on at its height raked just £12k a month before any costs
Just goes to show its very difficult!
