RE: Just noticed18 Jun 2026 12:40
Sandyman the current mcap is just £1m
Cash is $5m
The RNS would really have to say, license permanently revoked, all assets lost, etc, for the sp & mcap to collapse further from £1m
Even if that was the case, they have hardly any debt as far as I know. So they would become a cash-rich cash shell. Here is what chatgpt says:
Would the equity necessarily be worthless?
Not automatically.
A cash shell with:
* US$3–5m net cash
would normally be worth materially more than a £1m market cap.