What am I missing13 Sep 2019 10:07
Not sure about this ine as a no brainer
Short of cash
A placing is imminent
Losing around £1M a year?
This is not a no brainer IMO
They are however reducing costs and attracting contracts
What is it that I am missing?
COMPANY STATED........
However, as also noted in the 30 September 2018 accounts, the Company needs to raise further funds from the placing of shares or through other means, whilst the revenues and profits from these solutions are fully developed.
During the period the Company has raised funds of £995,000 through the issuing of shares for cash and settled £95,055 of services through the issue of shares.
In line with the plans and projections prepared by the Board, the Company’s activities continue to build, however in accordance with those plans, in the short term the Company needs to continue to raise funds from a combination of trading and placement of shares to fund its activities.