Making this announcement after market close is never a good sign imo... Hopefully, for your sake, it falls on deaf ears![]()
"Under the rug" is a poor choice of words on my part, I'll give you that. However, this sort of thing hurts shareholders confidence long term.
The reason why I said these things is that a Livetiles holder @Simonmobile goes to other threads and convince them to buy Livetiles. I am dishing out karma![]()
In terms of the Livetiles business, I am interested to know if they can break out of cash burn. They have been spending more to grow revenues. Not the greatest sign to see, but hopefully, they do not have to rely on capital raises to grow. Although I doubt it, with this announcement, another capital raise should be on the cards.
If you are a long term holder, a 30% drop in share price should not bother you.
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