worried now28 Jan 2021 08:33
What do you all make of this section of the RNS
'The ability of the group to acquire inventory is reliant on investment funding being received, whilst the group is in advanced negotiations with several interested partners no investment has been secured, if no investment is secured the group cannot acquire inventory and generate the service fee income.
In addition the group has a portfolio of interested customers, with some having signed term sheets. The cashflow model assumes a growth in customer base in line with the interest that has been received in the product but there is uncertainty over the ability of the group to be able to secure these new customers.
On the basis of the above matters the directors have a material uncertainty in relation to its going concern status.'