RE: Sale of STC19 Oct 2022 10:06
I'm off the thinking that the proposed equity raise won't now go ahead....!
TW scuppered that with his whistle blower (both should be locked up :) IMO....!
" not only to repay and retire the Facility but also to fund sufficiently the Company's working capital requirements to enable the Company to reach profitability and cash generation during 2023" , the plan was to retire the mezz loan facility, but why ......? when the SP was @ 12p this mezz loan facility was supposed to be preferential to an equity raise at that price.....?
We don't know the reason to want shut of the mezz, but it ain't because we can't afford it, that's FOSHO.....! ~£11.5m in rev incoming in H2 this year......!
All the best (STC options are behind this, I'm sure........! :()