“The first six months of this year have not been without challenge, but it is important to remember how much this young and fast growing firm has achieved in the same time” – so says Ken Olisa OBE, the chairman of Outsourcery (OUT) the IT firm run by Dragon’s Den star and serial business failure Piers Linney. Yes Ken – those who backed the AIM Casino IPO in May 2013 have now lost 84% of their dosh with the shares at 16p. You have achieved great things. How about you arrogant fuckers just say sorry for once. You screwed up. Show some humility.
The numbers are predictably dismal. And as ever Piers bangs on about his £4.5 million refinancing package which of course was nothing of the sort. £1.5 million of costs savings were reannounced, £1.5 million of loans were extended and £1.4 million net of costs was raised from punters. Had it not got the cash it would have been tits up time.
Piers, Ken at al insist that Outsourcery is now poised to achieve monthly cash breakeven during 2015. The same Gents assured us
on ShareProphets | Comments