I read it25 Mar 2021 07:22
Without sales within a month or two it will be prudent to do a fund raise, to achieve best chance of sales we need the approvals that has taken over 9 months. POC delayed from end of Dev to into Q2 21 as with MOD double digit possible sale. No mention of the £1 million order from last year, I presume that they have bought from another supplier.
I’m actually surprised they had over £5million at end of Dec when they had around that at the end of Octo, and was spending around £450,000 a month on average (did I read that right)
Not great.