Cirata Share Discussion Threads

[bones698] 18/10/2023 15:40

Made it simple in my previous posts the they need to sign deals worth 400k approx a week to get to break even before the cash runs out and so for they are about 10 weeks behind already m inevitable cash call coming in the next 6 months which should see this down at 20p imo

[owenski] 18/10/2023 09:21

Understand what you're saying, but it does matter what you and I think as it will inform our decisions, and it wont be me putting my hard earned into this rubbish.

[cc2014] 18/10/2023 08:52

it doesn't matter what we think Owenski. There are people who do believe as evidenced by their buying at 55p. I guess they will continue to believe and put another $30m in in June or whatever.

It's been the way of WanDisco for years

[cc2014] 18/10/2023 08:23

At this rate of cash burn they will be facing another going concern issue for the next set of accounts.

[bones698] 18/10/2023 07:14

Ouch nowhere near where they need to be . Cash disappearing fast . Looks like a bad day coming here

[biztech] 06/10/2023 09:34

Hi All, I've just released my latest video on CIRATA (#CRTA) where I review of the 3 RNS's that were released on October 5th and whether we can expect more as we go through Q4 announcing new business wins and existing customer renewals. Please share if you like... https://youtu.be/uDgacEmidZg

[bones698] 05/10/2023 09:18

To be anywhere near break even they needed to sign co tracts worth over 400k every week since they relisted . This shows how far away they are from that and that they will be raising more money pretty soon as the running costs are ridiculous . At this price it's very overvalued imo and a long way from breaking even . Will need a lot more cash which will be at lower prices

[bigbigdave] 05/10/2023 07:09

!FOLLOWFEED