PX1 having a good day on the bourse today
Panic over
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PX1 having a good day on the bourse today
Panic over
I spoke with Phil Norman and he mentioned Mcdonalds leaving Plexure would be costly to Maccas and not happening at all. McDonald's is extremely happy with Plexure and they have a close relationship. With Pita Pit it is a doorway to a bigger contract. Plexure needs to earn their stripes was mentioned.
He also mentioned costs sourcing people in IT had increased greatly from last year.
He indicated another Capital raise will be happening in the future for possible mergers or acquisitions and that the directors were onboard for putting in money themselves for this if it needed to be done.
A lot of this stuff I have mentioned I read between the lines. So DYOR
Spoke to Phil also, he seemed like a good sort. Didn’t sound like he was sweating over the CEO leaving either, it was in the pipeline. However they realise the growth is not as much as expected and possibly looking at M&A opportunities like Ggcc mentioned.
Edit: update - also he mentioned that Andrew Dalziel is actually stepping in to help them out a bit since craig decided to leave.
I sold. Lost heaps. Don't want to talk about it. Removed from watchlist.
I once said this could be a $1b company LOL
GLHs.