Re kencarv2 Nov 2017 07:01
Re cash position and mcap ,Don't forget when the Barclays shares hit the market the share count will go up approx 29.9 %
Re fundraise circa 20% of fees to be deducted ( peels cut ) then there was the Barclays payment to be deducted , then could there have been numerous staff pay offs + 3 and a bit months running / developement costs to be deducted .
They tried to raise �5.1 million initially but only managed to scrape the bare minimum of �3.1 million gross .
So IMO they are �2 million short of what they ideally needed . Yesterday's announcement will probably add circa �500,000 net to the balance sheet after costs and fees are deducted . So IMO funding will be needed at some point .