Timing will be important. I've seen no disagreement that further funding round MAY be necessary before Fruitflow revenues have grown enough to cover costs. The launch of Fruitflow + Omega3 will have some effect on short term finances, hard to say how much as there may be some support from DSM. If more cash is needed, bank borrowing against a projected revenue stream may be a possibility. As BB says, could be summer next year before the need arises, so the impending Interims, and FY to March, will have further bearing.
We'll have a better idea if more funds are likely to be raised soon'ish. If revenue for H1 is closer to 50k than 100k, then I'd guess a further fund raising will happen before Summer 2016.
Barring unbudgeted expenditure, we won't need more cash this FY, but, without an expected annual income from Fruitflow of, at a guess, 200k plus, i think it's safe to say we'd need more cash for 2016/17.
riddler, You have no idea when / if any fundraising will be or at what price.
"Based on the level of existing cash, projected income and expenditure, and excluding the potential additional sources of funding, the directors are satisfied that the Company and the Group have adequate resources to continue in business for a period of more than twelve months from the date of approval of the financial statements."
The post was addressed to the ether, I get it, calm down. If you read the posts you can very clearly see who my post was aimed at. In fact, you were the last thing on my mind as I typed it. I mean, come on !
The discussion about revenues was quickly killed stone idea by malicious posting, which leaves holders deprived of any chance to chat about it in a calm way, which SHOULD be what these boards are about. In the Full Years, DB reported that DSM had seen a 73% YoY increase in turnover on Fruitflow, such an increase would result in a higher percentage of profit. Since that time there have been a greater number of Fruitflow brand launches, albeit no identifiably larger brands. As almost all have been nutraceutical and sports nutrition brands, I wouldn't even know the name of any global brands. However, DSM achieved previous growth through such brands, and continue to do so. One month at the most to wait, I share everyone's bafflement over the reason for such a delay. I would imagine that the launch of Fruitflow+Omega3 from Provexis will be at the same time, perhaps also an update from Asim and Niamh.
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