Blackbird Share Discussion Threads

[horneblower] 29/2/2024 17:00:17

mcsean,
Oh really? Quite reassuring, I would have thought.

[shortsqueezer] 29/2/2024 16:54:58

That's what I mean. Doesn't make any sense.

[mcsean2164] 29/2/2024 16:53:08

Another horrific day for Bird investors💩

[geheimnis2] 29/2/2024 16:21:47

Not convinced by the auditor point

They would just switch off marketing spend - 5.9m would easily last 12 months

[shortsqueezer] 29/2/2024 16:01:53

Not read TW piece yet but if that info is correct then the results will be not good. But nobody was expecting them to be. But I'd be interested to see what the outgoings are allocated to. Hard to see why the auditors would be concerned to be honest.

[chriscallen] 29/2/2024 15:43:45

Compared with 28p the downside now is very limited. Whilst estimates of £37 may be a few years away of being achieved the economics of elevate.io do mean that a substantial increase in the share price when it happens could catch many on the hop. If the likes of MSFT or AWS are seen to be supportive a rise may come even more quickly than the user numbers.

[m5] 29/2/2024 15:20:16

Slightly different take by TW that the money was raised to placate the auditors that they have enough money to continue going forward, considering it's cash burn.

[invest360] 29/2/2024 13:22:08

It’s a tiny shadow of what’s to come. If they prove the model, the share price will rise dramatically and they’ll want to raise as much as possible (say, £50 m at a 20% dilution) to hyper scale ASAP.

[spoonmuff] 29/2/2024 13:13:59

That’s quite the example Ortega lol

[horneblower] 29/2/2024 12:01:41

Yes imo. Probably around 35p.

[jj_1237] 29/2/2024 11:48:06

just a quick thought ... it was clearly stated (to my ears at least) at the special event and the last agm, that more money needed to be raised.
i'm assuming this wasn't it though, should we expect another placing at some point in the next year?