Rm2 Investors - RM2

Rm2 Investors - RM2

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Stock Name Stock Symbol Market Stock Type
Rm2 International S.a. RM2 London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 8.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
8.50 8.50
more quote information »
Industry Sector

Top Investor Posts

masurenguy: From todays issue of The Times. I've never invested here either. "RM2 has proved an object lesson in how to turn a smart idea into a rotten business. Despite the business-savvy board, RM2 made two basic errors. It failed to find a cost-efficient way to make its pallet. Losing $77m on just $104,204 sales might be understandable in 2013’s start-up phase. Yet even by 2017, the latest full-year figures, RM2 still only had $6.6m sales — but $44m losses. In fact, in five years, losses total $280m. John Walsh left in June 2017, with RM2 now on to its third chief executive, though Mr Molson, Lord Rose and Paul Walsh are still aboard. And one investor has kept the faith, upping his stake from an initial 9% to 40%: yes, Mr Woodford. Still, no escaping the unpalletable truth: even good ideas like Blockpal can leave you looking a bit of a blockhead." hxxps://www.thetimes.co.uk/edition/business/a-not-so-palletable-investment-k3jbwttm5
zen12: Not end of world, maybe investors have missed this trading update hidden behind the announcement '.. Trading updateRamp-up of pallet deployment in the pharmaceutical sector continues and the Company has recently signed further contracts in the food preparation sector, based on recommendations from a Fortune 100 company which prescribes the use of RM2 pallets by its suppliers. Discussions for a large contract with a well-known multinational are promising and the Company hopes to be in a position to announce the signature of that contract in the near future.The Company's cash balance at the end of May 2019 was US$3.3 million. The Company's expected monthly cash burn including cash being invested in the production of pallets to meet demand, is approximately US$2.3 million, prior to any deferral of scheduled payments.
ltcm1: "I don't think the market understands the opportunity here. It seems RM2 would be better off being taken private so it's full potential can be unleashed. I blame the investors for selling out far too early, you need to have patience when investing. It is everone else's fault but mine." NW.
rm2investor: Anyone have opinions on the result of the Open Offer? Looks like only £1.4M take up of the available £4M offered - seems a poor result but the tone of the RNS is positive and says it shows 'investor confidence'. Not sure about that, any thoughts?
hpcg: Who is that? I am being facetious, but even the very best and most credible investors make mistakes and errors of judgement. Woodford's recent record is appalling and his inability to simply write off investments which haven't worked is risible and what one would expect from the most callow investor.
my retirement fund: When they came to market the very clever business model was all geared to build reusable pallets which you would lease to companies rather than sell. After their first year this business model tested and found to be unviable. In short the market for such a service was simply not there. At this stage they should have held and EGM to see if investors wanted to embark upon another plan or wind the business up. Had the business been wound up they would easily have got 80% of there money back.Instead after numerous disasters and further injections its all gone down the toilet.The blame needs to be shared amongst incompetent fund managers like woodford as well as the board.None of wish share any basic business or entrepreneurial acumen between them.
jimmyloser: Jak You are on the money buddy. This has been almost criminal for those investors who went in heavy. But Hey Ho! that was yesterday and yesterday as the song goes, is gone!
jimmyloser: As I have posted before, just how loud do people want the board here to shout at investors that they are over the worst? impo, A bombed out no hoper of a company does not fight to stay alive like this team have done unless there was bright lights at the end of the tunnel. You do not make legal statements as they have done without being confident. impo/dyor LAZARUS?
snake oil: MRF. They know and believe in what they want to do. What I discovered when consulting with them was they were totally lacking in composites manufacturing experience. The current CEO continues as an inexperienced executive. The Walsh brothers also had the fundraising connections from Woodford to Molson and de Mevius. It was a "set up" in the classic sense for investors.
hpcg: I've made mistakes in the past trusting that business people and investors with a track record must know what they are doing. We are all fallible. One simply has to take a step back and look at the business and the product and the financials and say what you see.
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