RE: anymore news anyone13 Sep 2018 17:41
As stated in our most recent RNS, we are still engaged in discussions with a potential strategic investor. The investor is providing us with bridging finance during the course of these discussions; you will note that this situation has been ongoing for quite a number of weeks now and you will, I hope, conclude that this is evidence of the investor's sincere interest in reaching some sort of a deal.
The whole process has gone on longer than I think any of us anticipated, partly because TPO is a more complicated company than its market cap would suggest and partly, in all honesty, because it's August and every time a new piece of information or a new discussion is required, one of the parties involved seems to be on holiday. This has been frustrating to say the least, and I say that as someone who hasn't had a holiday this summer at all!
I can't give any sort of undertaking or guarantee but I hope that we will be able to make an announcement to update the market in the relatively near future. This may not be a definitive announcement of a deal but it will serve to reaffirm to the market that we are alive and kicking and actively exploring a solution to our funding solution.