RE: Believes we are funded till revenue23 Feb 2024 14:24
Brew not so sure- Placing will be used by the Company to further invest in its Research and Development (“R&D”) programme, principally through the expansion of the R&D team, the purchase of additional hardware and an increase in software development. Funds will also be allocated towards the Company’s ongoing legal claims in respect of their legacy investments and provide general working capital.
More staff, more hardware and software, legal expenses and working capital.