£2 million light26 Sep 2017 09:05
As we know they tried to raise £5.3 million gross and only managed to scrape £3.1 million then fees were taken by Barclays ,and Peel hunt ,which together could have amounted to circa £ 1 million ,then there looks like there could have been numerous redundancies with circa 20 to 30 staff reduction ,then there's been running costs ,investment since the placing , they did say they had £400,000 cash and cash equivalent s in 6 monthlys ,but there was also payables . So IMO they will at some point search for circa £2 million ,the big question is when !