Looks compelling26 Nov 2019 18:30
But why on earth did they only get 11% to sign up to the placement. Cash burn is 600k a month that is 4 months max and then they have to beg again.
Fantastic concept and very much a hot topic going forward.
Lots of ii’s bailing apart from the fund that has purchased 29%. Could they put in an offer soon or take advantage of the cash burn and pick em up on the cheap.
Welcome any thoughts and please forgive me if I missed anything glaring :-)