RE: Highest price paid6 Dec 2024 15:05
See below.
They had £8k in the bank in September, and debts of £1.4m. They are not even profitable.
After reading this I immediately sold out. This is a cry for help. The placing RNS wont be far.
Going Concern
As at 30 June 2024, the Group has cash and cash equivalent balances of £8,108 and net current liabilities and net liabilities of £1,427,781.
The directors' cash-flow projections for the forthcoming 12 months conclude there will be a need for additional cash resources. The directors are in discussions with some parties that may raise further equity and/or loans. There is no certainty that any such funds will be forthcoming or the price and other terms will be acceptable.