Shares in lieu of fees23 Feb 2021 15:15
Current drip due to these that came onto market yesterday, problem is they can dump at any price as nothing paid for them...
Consistent with this funding strategy, the conditional convertible note facility has been restructured and extended along with a further £2 million drawn, a final reconciliation of the initial £7.5m tranche of the December 2020 Funding Agreement has occurred requiring no net cash payment by the Company, and the Company has issued 135 million new ordinary shares in lieu of cash settlement of a number of current financial obligations