Ann: Funding Mandate, page-3

It's as we said. They have run out of cash again.
Not a single announcement with anything like a revenue projection, just another knee jerk reaction to hit the market with a fresh begging bowl.
Interesting that they are intending to try their hand in the UK market without any discernible success whatsoever in their home market!
I would think that the UK market would be more mature and even harder to break into for an Ozzie "upstart"!
A quick search of East Star Capital (U.K.) Ltd in Companies House in the UK shows that it was only formed in July last year with a capital of one pound. The principal, Daniel Shilton (an Aussie) had previously run East Star Capital (United Kingdom) Ltd which ran for two years and was compulsory struck off October last year.
If you look up his portfolio (https://companycheck.co.uk/director/918176077/MR-DANIEL-JOHN-SHILTON-MALING/summary) it doesn't appear too great with a combined cash at bank value for all businesses (6 active, 3 not) where Mr Maling holds a current appointment equals £299.9k, a combined total current assets value of £2.4m with a total current liabilities of £152.4m and a total current net worth of £-141.2m.
Fit pretty well into the performance bracket of TikForce so far.
Let's hope that this move brings in revenue, not just extra opex.
GLTAH - DYOR