Unaudited financial statements for FY24 are expected to show revenues of at least £27 million (2023: £25.9 million) and net debt of approximately £6.9 million, reflecting a challenging year due to, inter alia, rising costs. |
Two degrees, what has 27m turnover?Do you think someone just came along and paid off CLCOs debts and got nothing in return? |
Still a going concern |
They are now a very small scan computers. The listing really not worth the effort.Average cost of over 200k a year to maintain I believe. Why would they bother? |
Good news, loan paid, debt free, cash in bank ....time for a rerate of the share price!! |
Mark well, they have good sales, will have cash in the bank and not servicing huge mxc debt, surely all positives. |
Well I do wish you luck but after the disposals it probably will become too small an entity to continue to list on AIM. Therefore, it could plan to delist and in those circumstances either you would be left with shares in a private company or perhaps they might offer a peppercorn price to enable shareholders to exit prior to any subsequent delisting. |
Yes RNS states 16th Oct that meeting is today, that’s why I posted I’m going is anyone else going today? |
Thank you for your wishes |
Premium Berks, the mxc loan was going to continue to hold the company back. With good sales numbers, at least going forward, survival is at least possible |
Best of luck to all those who continue to hold. |
Hopefully at 1pm today then mxc loan is paid and this company survives. |
Ok I plan to go this Thursday to the shareholder meeting I’d really like to find out what’s going on and still have quite a holding here. So anyone else going?
Accordingly, Shareholder approval of the Proposed Sale is being sought at a General Meeting of the Company to be held at the offices of DAC Beachcroft LLP, The Walbrook Building, 25 Walbrook, London EC4N 8AF at 1.00 p.m. on 31 October 2024. The notice convening the General Meeting and setting out the Resolution to be considered at it is set out at the end of the Circular. |
Hopefully on the 31st the company becomes debt free!!! |
I felt that as well. |
Yes I saw that.I think quoting his credentials from CLCO is quite the cheek. Maybe bang on about a 30m company from a standing start but he might want to caveat the share price destruction whilst at it.I can borrow 100k from the bank, it doesn't mean I've grown my assets by "100k from a standing start"! |
I’m thrilled to share that I’m starting a new role today as Sales and Marketing Director for SCC Digital. |
Mark has a new job. He posted this on Linkedin. |
Stock picker - you do realise much of the growth part of the org goes with the sale? |
It would be crazy if it didn’t go through as MXC would have no chance of getting their money back! Hopefully we should see a steady increase to the end of the month and then boom once it goes through and the clean slate takes place. Maybe even Mark would come back and start back on the 100million turnover target!! |
Proposed Disposal of CloudCoCo Connect Limited
A Clean slate if it all goes through. Lets see what happens now. |
Just bought some great opportunity I think look at the news much more to come |
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