Rosslyn Data Technologies Share Discussion Threads

[cloudwars] 31/8/2023 07:36

They've changed the whole model to a SaaS based partner driven enterprise. These things take time - the CEO is ex Blue Prism and I reckon all the groundwork is now done. The previous management had a business model that was going to become woefully out of date. I'm actually quite excited.

[private38] 31/8/2023 07:06

This CEO has run the company into the ground and without any regard for his actions comes cap in hand to shareholders to bail the company out. Yet not investing one pound of his own money. Leader, manager, visionary, conviction, integrity, sense of duty, risk-taker are just some of what we expect from the CEO of a small tech company. He exhibits NOT ONE of these essential characteristics. This disgrace is shared equally with the Chairman who fired everyone to make way for this disaster he plucked from a big company. If he had a grain of decency he would step aside. This has all unfolded during a period where the procurement and supply chain technology market has never been hotter with plentiful capital and huge demand, yet this shower has managed to miss the entire party. What gets me is their behavior and disregard for shareholders. There is no apology, there is no accountability or responsibility - it is a perfect display of incompetence and selfishness.

[maty] 31/8/2023 06:46

I suspect the CEO will be replaced with someone much better and the share price will rocket if it does .. he is just not up to it in my opinion

[slicethepie] 31/8/2023 06:41

We can all dream with other peoples money! Ceo is a disgrace to existing shareholders and shows the danger of backing someone who has no skin in the game.

[hastings] 31/8/2023 06:27

I see Cenkos is forecasting revenue to move from this full year of £2.9m to £10m in 2026!Now, where is the salt cellar.

[pinkfoot2] 30/8/2023 21:08

I’ve taken a chunk in the Placing-decent presentation and cheap and EIS

[hastings] 30/8/2023 20:13

So, cash burn has reduced from the previous £270k pm to £190k pm. Be interesting to see if they can cut that to a more palatable level over the next year!

[tomboyb] 30/8/2023 20:01

0.50p is my limit if I buy a few, as dilution will be 200% of current equity -

Consolidation may not be a bad thing however the cash burn will have to come down as per RNS -

[hastings] 30/8/2023 19:48

It could have been oh so much better, but then again, a whole lot worse given where we have been at!Consolidation makes sense and if (a big one) they can demonstrate conversion into further and growing contracts they have a chance of turning the pain around.The CEO's absence in the process is however disappointing but unsurprising, although of course we don't know his personal financial situation. Anyway, I really thought I heard the fat lady croaking recently and half expected a de-listing or a giveaway sale, so although a bitter pill to swallow, it looks to have taken it off the critical list!I've kept all of mine (average 4.5p) and had effectively counted them as nil, so I might have a few more on the back of the news.

[tomboyb] 30/8/2023 19:25

All in all 955mill shares once all is complete -

Burnt through quite a bit of cash but is it worth a small investment considering the consolidation as well? -

[chrisdgb] 30/8/2023 18:07

Agree, could have been worse, I have been nervous…

[cloudwars] 30/8/2023 17:25

Could have been far worse. The fact they're pulling in Blue Chip clients gives me hope. It's a shame it's been such a s...show for us holders up until this point.

[riddlerone] 30/8/2023 16:44

CLN's,Consolidation and huge dilution at all time low price.Just gave any MM holding a short book the chance to balance their trades at an absolute gift price....

[riddlerone] 30/8/2023 16:10

So they come cap in hand after months of radio silence and then the CEO still doesn't have the conviction to participate in the placing.This is an advert of how not to treat shareholders irrespective of the prospects of the business.

[kemche] 04/8/2023 13:19

And no director purchases.

[1jki] 04/8/2023 13:17

When do we expect the cash to run out? I thought they would have needed significant money by now. No news, no statements, no contracts, no company seems inevitable.

[maty] 19/7/2023 14:35

I just don't understand this .. it is going broke I think .. the management will buy it out of liquidation and I am down a lot of money .. that is my opinion

[daicaprice] 19/7/2023 10:17

1m+ dumped this morning @.466p, needs some new contract news to stop the rot.

DC

[chrisdgb] 18/7/2023 06:31

I know we are all feeling bruised here but I think criticising a staff night out is a bit much, do you not want a motivated team....??

[kemche] 17/7/2023 09:35

The CEO has done brilliantly since taking over. Well done!

[daicaprice] 17/7/2023 09:12

Just announced a new Finance Manager as well.

DC

[kemche] 12/7/2023 08:22

Snouts. Trough.