Interim Accounts22 Mar 2018 19:36
I cannot see anything in the interim accounts that is a surprise. The cash burn is about �320k which is in line with the previous two, 6 month periods. The debt is similar �2,154k (vs. �2,029k at June 2017 and �2,391k at Dec 2016). But the cash balance is higher �1,507k (�180k at June 2017 and Dec 2016). The "going concern language" is similar to Dec 2016 when they said "Until sufficient, definitive and reliable funding is secured there is a material uncertainty that may cast significant doubt over the Group's ability to continue as a going concern". I can only assume that the panic selling is because some investors don't read this stuff !