RE: RNS28 Feb 2025 15:22
As for someone posting earlier re going concern
You have to understand mismanagement got us to where the SP is at right now, at the expense of long term holders.
‘Under this new leadership, the Company has indicated that it will operate with a renewed focus on partnerships, collaboration and licensing in order to monetise the Group's assets. To that end, the Group is currently involved in discussions, at various stages of development with multiple interested parties.
In addition to the Baseline Forecast, the Group and Parent Company has prepared an "Upside Forecast" that reflects the Directors' intention to agree partnerships, collaborations and/or licensing over the remainder of 2025. In addition, the Upside Forecast also reflects higher sales of the EpiSwitch PSE test than the Baseline Forecast, which are expected to arise from agreements with new distributors and/or expansion of coverage of the test by UK private health insurers.
Notwithstanding these material uncertainties, based on all the above considerations, the Directors confirm that they have a reasonable expectation that the Group and Company has adequate resources to continue in operational existence for the foreseeable future, being the period to 31 March 2026. Accordingly, the Directors continue to adopt the going concern basis of preparation of the Group and Company financial statements.’
***For those buying at current levels, it’s anything but doom and gloom. As i said last week, one mans trash is another man’s treasure***
‘ Under this new leadership, the Company has indicated that it will operate with a renewed focus on partnerships, collaboration and licensing in order to monetise the Group's assets. To that end, the Group is currently involved in discussions, at various stages of development with multiple interested parties.’
**A big update due in March, potential new partnerships to be announced with the sole aim of achieving shareholder value.**
Buy them while it’s cheap, sit on your hands 3-6 months and take the risk. All imo.
GL whatever you decide.