Re: New company Name change to Maistro PLC (MAIS) on 8/1/2018
Re: Large shareholding (Deathly hush)I'm afraid Old Wise Owl that despite the blessed relief of Phllip Letts heading off to run his Bed and Breakfast in Torquay, this is and will remain a Dead Parrot. It "is no more", "has ceased to be", "bereft of life, it rests in peace", "this is an ex-parrot".
Large shareholding Interesting that Ms Lee Tin Yu has increased her stake to 20%+. On top of the recent board purchases me thinks there is potentially big corporate activity coming soon.Good luck all.
Re: New company Big buying today. Re rate on the cards or is there a takeover coming?Good luck a
Re: Glassdoor Yes but it does make one wonder if a decent CEO could not make something of this business..
Re: Glassdoor That is fantastic stuff isn't it!!!
Glassdoor What do the people that work or have worked at blur Group think?Perhaps a few disaffected, but it; looks a consistent message.[link]
Re: New company alltold's last prediction in March was "Singers probably know it's a given hence the RNS. I have know doubt we will get confirmation in the next few days and will surge towards 100p+"Well quite.I can only imagine the bath you are taking alltold.See you at Christmas.
Smoke and mirrors This is the mirror phase. The smoke will follow shortly.Only fools think it will be any different this time around.
Re: New company What do you reckon alltold, re rate back to about 10p then fund raise? Market cap tiny at circa 2.5 million so plenty of headroom for quick re rat
Letts not get too excited Letts going is simply the largest rat departing the Titanic.The company has pitiful revenue of $800K and doesn't even make a gross profit before overheads!! Last year it lost $4.6M. Overheads are $4.5M. One wonders what on earth goes into that cost base given a small McDonalds restaurant will have better turnover.The recent fundraise won't last much past Christmas and given lack of GP I fail to see how this business is viable. It doesn't matter if they slash costs again by >50% they will still lose millions.
Re: New company Agree 'wise' new company and the phoneix rises from the ashes to new heights.
New company So last piece of jigsaw in place with Letts leaving. New board, new direction and worth a punt in my view cause the upside short term is very high.Good luck if joining the party at the bottom
Summary [link]
Re: Letts still CEO? No surprise he's still there. The man suffers from delusions of his own self importance and surrounds himself with ineffective cronies. If there had been any semblance of corporate governance at blur he'd have been sacked long ago.With that said, even if the board wanted to get rid of him I can't see anyone with half a brain stepping up to CEO. The company is a complete disaster, the business model doesn't work and the most recent fund raise is simply a 6 month stay of execution. Hardly job security.The Reaper draws ever closer....