RE: RNS6 Feb 2020 07:44
Ok so I’ve found what we all want to know. Positive and negative, imagine SP will stagnate today...
Funding
The company is in a “Catch 22” situation. Development of the second facility in San Antonio, an integral part of management’s strategy to satisfy the pent-up product demand highlighted in this report, can start only after the company has secured additional funding. Our forecasts have shown consistently the need for investment in the order of £12m, and, while some of this may be derived from the MidCap loan facility, there is clearly a need for an equity injection. Management indicated that it has a current runway until the end of April 2020.
In other words midcap will provide some but not all...