RE: Sale valuation…Today 07:20
You have to ask yourself this redhammy, what are the benefits of an LSE listing if they can’t raise any funds because if their cash position? It’s expensive to maintain and time consuming in terms of regulation and compliance. TRlS is more in a perfect position to be bought for peanuts by someone who can then shed the listing and take it private. If there are any contracts imminent then that’s what I would do, wouldn’t you? Pay back Marla and Laurie, buy the IP as part of a distressed sale, put into freeze mode to suspend monthly cash burn and just wait until there’s a contract that will give them regular revenue. Job done. Why bother with the UK retail investors with a few bob tied up in this? I had hoped it could be rescued but, put yourself in the shoes of said hero, and what would you do?!
Almost certain the next RNS will be delisting and an update on who will take it forward.