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So they burnt through £0.3m in the last three months
They have £0.6m of cash left
That’s 6 months and then it’s game over
Expect a placing within 3 months then
If you want to talk about actual lies Earl
Look at your comment in APTA
‘The company is finished’ clearly not true
‘One for the graveyard’ they gave cash runway into 2025
You are a lying, deceptive little snake and you’re doing it here again today & everyday
SND have a funding issue. FACT
Earl you are a fool, or a deceitful snake
If they need funds then they’ll need to raise funds
Raised funds, 99% of time, come at a hefty discount
This is, IMO, the riskiest share in the market today
Placing likely, within days, potentially
Sellers dumping on realisation now
Placing lodged? 3p 4p or 5p?
No one buying as the reality of the RNS sets in
No money = placing
No money = no further deals as cannot service them
Big concern here is the placing risk
Well, it’s not a risk, it’s due to happen as per RNS
More likely they start losing customers/ clients as they don’t have the funds to manage their own book
This is risky. Very risky
Wait for funding update
Too risky in this market
Read the RNS
It says they need funding by March
Question is what price
Discount being a given
Could be 5p, probably most likely considering business isn't in a too bad a state
Worst case, institutional investor pushes them harder and goes for 3p
Expecting a placing as per RNS
Needs funds ASAP
Worrying re cash burn? Cash till we’ll into 2025 - that’s above & beyond market expectations
Major Oak, what are you suggesting? Bullish for ALK?
And for AimofEarl’s next trick… The Bid Smash
£750k at 3p is not 5%
Doesnt matter that theyre locked in
Thats pretty normal for many new companies
Just have to look at the old vehicle money
Thats why this will likely slide down to the 1p mark
The only market manipulator is you buying small amounts to pump the price
The only facts here are two fold:
NO funding
1p money circa 20% of current market cap
Not lies.
Why do you think this get £20k sells every couple of days?
1p money exiting
This is a buy from 1.5p IMO
And why du think they listed in this vehicle?
to let out stale holders