@achilles someone can't read accounts. Yes the comprehensive loss was £722k but if you look at the cashflow £212k of that was share options fair value which isn't cash. The cash burn from operations was £438k.
Probably because of the 3p cash given on each share held in HUI and then the 2:1 exchange on proof of concept within 3 years. Effectively making a 9p share worth 30p