RE: PEEL 20%+10 Oct 2019 09:49
Incorrect.
ADME raised £500k in August at 16p. And then a further £832k in September, of which ADME are still waiting for the final £279k which i'm told will arrive next week.
As for cash burn their costs have reduced massively down to just £849k and they will be profitable in 2020, which means every month that figure is getting less and less.
So by my calculations they have circa £1m in the bank with another £279k coming in next week hopefully. They had about £100k cash in the bank before the August raise and cash burn is very low now.
But who really cares. They clearly have plenty cash and we are all awaiting to find out what they are going to be doing with it. Anyone with half a brain can see that market mechanics are a screaming buy in the 5p range. All thje money is in much higher