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How long will shareholders put up with such a disappointing performance?
Thursday 29 Jun 2017 Author: Steven Frazer

The spectacular collapse of mobile services supplier The People’s Operator (TPOP:AIM) continues to play out.

The company, started by Wikipedia founder Jimmy Wales, missed its 2016 revenue target by 5.6% at £3.4m. Cash burn remains a worry with just £1.7m on the books even after a £1.58m cash call in March. The shares have slumped to 3.5p, having floated at 130p in December 2014.

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