Just saying, they had roughly a million in the bank last quarter, with 700K expect outflows. Raised, 3.1 million (cost of raise not disclosed). so lets be generous and say they have 4.1 million in the bank. Prize money is bleeding with not real cash generation to date. Jamie and now Mark will be on big dollar salaries.
All i'm saying is that they keep adding to the roster these very high profile people (read expensive) and no massive goals are being kicked. I'm surprised there wasn't a revolt when they raised at 1c.
Still watching with interest, not downramping intentionally. Just concerned as i thought jamie was meant to be the cure all and all you got was a bunch of local sporting teams signed up at cost to the company.... now Mark is on board, i'm assuming marketing spending will sky rocket. Hopefully they will sign some advertising deals though.
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Ann: Mogul Appoints Mark Warburton as Chief Marketing Officer, page-6
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