Cellis...why do you say prospects beyond H/Y seem bleak? The only reason that could be so is if noone is buying P and we do not know that. Of course we don't know (yet) if anyone is buying P. But go back to the SVB loan surely that was a vote of confidence for Sphere? TD expect revs of P to reach c £1.6m by 2018 (conservative nos) so progress on paper is slow but it's not an exact science forecasting how a device like P will perform just as likely to massively out perform. Given what we… Read More
The Q&A wasn't at all encouraging , devoid of real news and no hint of promise , if as you say John , Woodford and Co aren't up for a OO then there's little hope with anyone will fill their shoes , and prospects beyond H/Y seem bleak , it would be interesting to know apart from what Tim has furnished us with ie the Q&A , is his impression regarding the mood or confidence of the board that we can expect good news come the 28th
As at June 30th 2016 we had net cash of £3.3M plus drawing facility of £3M giving us a potential 12 months spend at c £500k per month. So I see no need for another funding round until at least the H/Y or talk of such. This gives us a min of 6 months breathing space to get sales and the sp into more positive territory.....at least double figures! So i think talk of another OO is premature and certainly not another 200m issue at 5, that's a complete non starter!-------I very much… Read More
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