Rosslyn Data Share Price (RDT)

Ye not great. I sold out at a substantial loss here. Maybe they’ll release good news in the coming weeks but too risky for me now. Fundraise is inevitable. Annoying they couldn’t get one of these deals done sooner as that was what I was hoping for.

Unfortunately today's RNS essentially says they will run out of cash in the next few months, despite the CEOs positivity.

See excerpt below..

Consequentially, the Company expects to report revenues for the year ending 30 April 2024 in the range of approximately £2.8m-£3.0m, with a corresponding adj. EBITDA loss of between approximately £2.6m-£2.8m. Cash and cash equivalents as at 29 February 2024 were approximately £800k. The Board continues to closely monitor cash to ensure that the Company has sufficient resources to execute its growth strategy. Cash burn and customer acquisition cost are expected to reduce as the Company converts its pipeline in the coming weeks and the Company is seeking to improve contract payment terms to include upfront payments.

Been buying here. Interims weren’t that impressive tbh and cash burn gone up. However ceo said this,

“we have now established the foundations for us to accelerate growth. We are currently in discussions with substantial partners regarding some significant opportunities, which reflect the recognised strength of our offer and are testament to our renewed go-to-market approach. We are also very excited by the innovative work that we are doing with generative AI - which is being undertaken alongside our customers to ensure our product is designed to meet their exact requirements. As a result, we continue to look to the future with confidence and look forward to updating the market on our progress“

Im banking on there being some near term newsflow being the catalyst for a good rise and it’s worth the risk at this price imo.

Just checked the Bid here they are gagging

Unfortunately cant buy!!

Wonder why?

Any chance of recovery?

whats the cash balance??