RE: Next news will blow the b***dy doors off28 Mar 2024 14:40
Doesn't matter what a bitter ex shareholder believes does it. If need be it will be up to a judge. As you are not trained in the legal industry then your opinions /suppositions are just that. Company has sought legal advice and have stated that they will be vigorously pursuing a counterclaim of 7 figure amount. Which could be up to £9,999,999,now along with the Royalty payment of upto £1m from Accubio for the sale of Visitect CD4 test, becomes a tidy amount if further cash in bank along side there £4.4m which was there at the 6 monthly results.
Company has reduced losses so good chance of majority of that remaining, especially after sales increasing. Also don't forget the £0.5m extra money for FY24 as previously announced in RNS.
Let's wait and see end of comoany Financial Year 31 March, so update will be released thereafter.