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Poorinvestor please stop distorting the RNS feed.
Final Results posted 9th June Chairman's statement fourth paragraph "the Company raised over £6.0m net of costs" and "as at 7 June 2021, its consolidated bank balance stood at approximately £5.0m ."
This is simple maths they have burnt £1M in five months and If any other revenue then the burn is higher still.
As for bringing up an agreement to buy £80K of Nano.10-9 this is over 12 months, are you really that daft its £6-7K a month with a start up so it might come to nothing.
Unitedguy, start reading RNS’s, that is if you can.
Fact we have 5 million in the bank.
Fact we got a contract for £80,000, according to last rns. So revenue stream is growing.
Anyone know how many people actually work at RMS and the total salary bill is
poorinester stop telling porkies please stick with the facts, RMS had £6M net invested and from warrant and options and as of June 9th had £5M
It is only the burn rate which is running along nicely.
No more poor porkies please
Truthfactory, read the RNS’s properly before you comment, 5 million in the bank. Now run along son and play with your jigsaw. And yes Santa will bring you something nice as long as you tell the truth.
United guy, I would also be worried like you, however, that 5 million in the bank after 6 months is very reassuring for me. Now they have a steady stream of income, that 5 million will grow.
Poorinvester, there you go again spouting of again with your ramping nonsense, lets review the facts
Fact RMS are delaying the AGM, we don't know why.
Another fact they stated they would give a sales update but the fact is they have not.
Another fact RMS report an agreement to agreement to sell £80k of nano.10-9 over 12 months to a start up run buy a man who's stated profession is a builder yet no reports on mask sales.
Fact they have said every mask made is sold.
Fact they have not told us how many masks have been made.
Fact they have said they have a couple of new products which will be developed over coming months
Fact we know what the new products are or when they will be ready, tested, approved with manufacturing in place, until we know more we cant value them (poor if you know any facts re new products please update us )
Fact P2F does not have inhouse production line they couldn't make it work
Fact DrC said mask making machine will be used to just make masks for testing.
Fact we don't know the value of the patents or how easy it is to get round them.
Fact yes as of June 9th they had £5M in the bank
Fact one RNS could make this fly
Facts I still have shares in this bag of s*** because despite everything else the last two facts make it worth the risk.
They wouldn’t be calling Pi’s to come face to face and not have good news, can’t see it happening, a riot will break out lol. One thing I find really strange, some pi’s have written this share off. This has got 5 million in the bank with huge contracts possibilities, many products coming to market, in house production line, patents. Before you all start getting out the violin, just remember this company is in a very strong position, this all could change, just by one rns. In my honest opinion. DYOR
Remember this?
"A lot of time and energy was also wasted due to TB being more focused on lining his own pockets at the expense of RMS shareholders than working cohesively with Gareth and his team to push forward the commercialisation of the antiviral face masks."
Well TB has been booted out, I for one will be interested in what's announced at the AGM.
Good luck with "TEK".
Have to say that RMS management would do well to learn from TEK management after seeing the latest RNS from their portfolio company.
After their product was FDA approved back in March, they moved at pace to raise funds to commercialise the product by listing the portfolio company on the LSE. Today the portfolio company announce that they've got their first US distribution agreement signed.
All this is achieved within a couple of months and this is what could have happened at RMS if we had a capable management team in place. RMS had the right product but not the team in place to execute the commercialisation.