Rosslyn Data Technologies Share Discussion Threads

[kemche] 28/3/2024 14:18

He sees the same thing here as he did at RRR - and very successfully too. He is a shrewd cookie. He seems to be a huge fan of dilution.

[daicaprice] 28/3/2024 13:29

So what does William Black see that makes him want to keep adding?

DC

[1jki] 27/3/2024 15:09

Since the end of January there has been 2 new hires, a Senior sales guy who ran a bar in Thailand and a Developer who likes kayaking but can't drive. All the skillsets for a thriving datatech company. Will they make the year-end ?

[deladeal] 27/3/2024 13:58

I’m sure the management will make sure there is enough of our money left to pay themselves a hefty bonus before they turn the lights out

[private38] 27/3/2024 08:44

On 4th March in the trading statement "Cash and cash equivalents as at 29 February 2024 were approximately £800k". On 25th January they reported "Cash burn rate was £276k per month (H1 2023: £217k per month)". Not informing shareholders how they are going to address this is yet another act of biblical incompetence. Not that you can believe a word that they say! Lodge a complaint here - [e-mail]

[1jki] 25/3/2024 16:23

They unable to run the business with £3m of cash for more than 6 months. How would they cope with funding it outside of AIM? They must be hoping someone bails them out.

[kemche] 25/3/2024 14:58

Even they are not that stupid.

[maty] 25/3/2024 13:49

I suspect they the management are waiting to take over in bankruptcy my opinion

[kemche] 25/3/2024 10:50

Another consolidation and fundraising?

[1jki] 25/3/2024 09:47

An all time low this morning, and 1 month into the 18 month growth plan with no new contracts announced.
What is the Chairman doing.

[1jki] 08/3/2024 12:46

#harry i think the phoenix has caught a cab to kfc, it's safer there

[harry163] 06/3/2024 18:02

William Black has increased his holdings Either he has money to burn or there is clever masterplan being prepared for a phoenix like resurrection of this business. Hope it is the latter.

[1jki] 06/3/2024 09:44

P38 I was hoping someone had recorded it themselves. I left early after the first 10 mins of BS.
I'll call the broker see what they have to say.

[private38] 06/3/2024 09:24

@1jki - Given what was said at that investor update and then the profit warning 10 days later - IF there were a link, I believe the brokers would have taken it down. No one will ever believe a word that these three ever say again.

[1jki] 05/3/2024 09:33

Does anyone have a link to the 20/2 Pres. It isn't on the Rosslyn website?

[harry163] 04/3/2024 18:18

@Private38 - agreed, Board sailing very close to the wind with all their wild projections e.g. 12 million ARR in the short to medium term, due to implementation of AI.
Not sure what AIM does with companies who may be knowingly misleading shareholders and potential investors.

[private38] 04/3/2024 13:42

If I were Mr Black and had topped up my holding based on what the Directors presented 10 days ago - I would be calling up my litigation lawyer.

[daicaprice] 04/3/2024 11:54

I bet William Black wishes he’d waited a week to up his holding!!!

DC

[kemche] 04/3/2024 10:31

They have ALWAYS been the finest purveyors of the truth. Unvarnished.

<5p is my guess.

[1jki] 04/3/2024 10:29

OMG....less than 3 months cash, less revenues than an appalling 2023, and an ebitda loss of £3M.... this is a cash burn of circa more than £5M a year.

This statement has been made less than 15 days after they told everyone that they were on target for £12-15M of ARR within 12-18 months.