Cash £350k at 30 September (2014: £366k) following fundraising of £267k through the online equity crowdfunding platform PrimaryBid.com in July 2015. The Company remains keen to minimise dilution to shareholders and it is focussed on moving into profitability as Fruitflow® revenues increase, but while the Company remains in a loss making position it will need to raise working capital on occasions, and based on its current level of cash it will be seeking to raise funds over… Read More
This to me is another failure of the board, their lack of vision around funding, Giving half of it away. This is more significant imho than EFSA.
What does jointly owned mean???
The Company will provide primary funding for the collaboration work and the associated patent filings on a tightly managed budget, with the results from the collaboration being jointly owned by the Company and the University. The option agreement between the Company and Inven2 gives the Company an exclusive… Read More
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