hmmm1 Feb 2012 12:56
"The Board has reviewed the funding position of the Company and believes no new funds are required for the purpose of securing the business. However, the Directors note that the current cash resources of the business are highly constrained and the business does remain vulnerable to adverse trading swings. Cash at 31 December was GBP0.22 million and the Directors forecast that cash headroom levels will remain tight going forward in 2012. The Company is seeking to raise GBP0.5 million to develop the business and the Directors note that should trading fall short of expectations and funds are raised then any such funds could be used to support the business although there can be no guarantee that such funds would be sufficient.
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HOW is this good? Someone ramping this everywhere...