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Tasty plc – requires “restructuring plan” including lease exits and creditor write-offs approvals, or it’s cash crunch ahoy!

By Steve Moore | Tuesday 9 April 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Previously writing on ‘Wildwood’ ('pizza, pasta, grill') and ‘dim t’ (pan-Asian) casual dining restaurants company Tasty (TAST), just over a year ago with the shares down to 2.25p I wrote full-year results, cash flow and balance sheet sickly. The shares most recently closed at 1.05p and now an intra-day (uh oh!), 10:47am, “Trading Update, Restructuring Plan and Loan”-titled announcement.

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