RE: Cash burn15 Nov 2019 03:03
Last raise 2017 at 10p! this isn't a bucket shop AIM co like many out there
they don't dilute , and if they have to , it sure as hell won't be at a penny. Look at multiples of current SP to find your answer
however, as Faze1 says, the company themselves will tell you that they are very confident of revenue's from sales will more than cover costs going forward.
also if you read more than 2 RNS's back you will see that the company expects to more than cover it's costs going forward through increased sales, before breaking even, and becoming profitable from next year
'Even with the limitations, TRX have said that they plan to release additional products towards the end of 2019, giving shareholders optimism to hold onto shares' - Oct 2019
'In June, the Leeds based health firm said that annual revenue would be heavily weighted on the second half of the year' - I think that's now so let the revenue filter through.
pretty sure Midcap looked at the numbers closer than anyone here before committing to a £20m facility. They're not in the business of losing money ..
premium buy after close lead me to believe we are in for a strong end to the week. a TR1 from a buyer will also cause the SP to continue it's push North to fair value