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15/02/21
16:31
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Originally posted by Nick_btw1:
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Just wondering if anyone read through the prospectus ? Thing that was hidden way down in the small print , was they invested millions into the bike exchange UK and Ireland venture and then after losing millions they just quit these both. UK are bike crazy so.. interesting they couldn't make it work their at all. The the next issue for me was the people running the show. No details of how long they have been there .. , are they the ones that wasted millions in UK, if so all good but it would be nice to have some transparency. Or did I miss where they explain these things. I was really keen about this IPO until these details and the lack of growth became apparent.
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Thanks for the input. Got look at the other thread for all the other items we are reviewing. I'm guessing the UK/Ireland was pulled out as the person that would have had to stump up the $10k fee and $30 per store must have given up as not enough stores signing up. We can see every other country is running at a loss, just that whoever ran UK must not have wanted to keep going to IPO........ i wonder why I can see the CEO was - Brooke Tully, CEO of BikeExchange UK and Irelandhttps://www.bikebiz.com/bikeexchange-launches-first-global-brand-campaign/ annnndd now this get's interesting.. her name isnt in any documents, but she was the one that entered the AU BEX into the Telstra awardsLnkhttps://ecomm.live/brooke-tully-speaker-profile/ Next question is, why would she pull out of UK/Ireland..........