3559 days ago
Dear Piers. On 27th June you promised the poor shareholders in your POS AIM listed Company Outsourcery (OUT) that you would update them on how you were going to refinance this POS enterprise during July. Of course a promise from you is worth jackshit. I refer to your IPO prospectus of May 2013…
In that you said that if Outsourcery raised £10 million that would see it through to breakeven. So far you have raised £17.2 million and as things stand breakeven is – at best – two years away, you are burning cash at an alarming rate and net current assets minus debt is negative. The technical term for the position you find yourself in is “fucked.”
Right now your shares are about as attractive as sharing a needle with an Ebola virus victim - so
