Ann: London matchmaking store opens ahead of schedule, page-15

It’s a strategy issue IMO

They have moved away from being tech company to being a bricks and mortar company. Their premium matchmaking business is never going to achieve the scale to justify a $50m + valuation. At best it will pay the bills (most importantly the CEO’s salary).

Needed to continue pushing the Datetix app and other apps. No surprise stats on active users etc are no longer reported. It seems the momentum has gone.

Hopefully they can break even by end of year so they can start looking at growth options. A capital raising would kill the share price (now at an all time low).