RE: Great RNS31 Jul 2025 14:19
I sincerely hope so, Nibor. The £1.06m in cash at FY end was only going to last about four months. The broker report regarding cash 'til 2026 was clearly inaccurate. The recent placing was in fact to keep the lights on, not as we have been told.
The BOD are painting a very murky picture in terms of contracts, licence fees and cash position. The only contracts (c/w contract value) they have RNS'd this year total £231k. That's one months cash burn. Something isn't adding up.
I also sincerely hope the 'imminent' licencing deals' stated earlier this month are actually imminent.