Massive interest?
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Sounds like it
Yes he said massively over subscribed, Reason they settled with $1.20 SSP was after consulting with a few investors firms Etc this is were they settled on fair value.
By the sounds of it they are still in talks with Ahold Delhaize and future business about further expanding the software. When mentioning the prospectus pipeline he said they have a big holding company they are in talks with that run 14 QSR to add to their portfolio as new customer soon (currently in RFP).
I liked how open he was with his answers as well didn't seem to hold much back.
https://www.crowdcast.io/e/lunch-money-32
skip to 30:10 regarding future business information.
35:30 Craig expects to stay cash flow negative for the next two years as they want to invest ahead of opportunity.
Worked well for Xero. The company made it very clear they were focused on growth, not profit. And shareholders seemed OK with that, despite the prospect of divvies raised from the floor at the ASMs I attended.
It would be good to see similar clear statements from Plexure.