Means the mystery Investor will be revealed. Oh btw we need a new CFO because they can�t crunch the numbers right or even budget three months out!
Pleased with the SP response though.
Cash was clearly very tight. I am slightly baffled as to why they haven�t now taken the opportunity to confirm this wretched YA loan isn�t now paid off!
Priced to go bust at this level. I�m a buyer now. Rapid growth across all non UK regions. Funded by TF for litigation. I think the SP has a base now at this level. Picked up some at 4.63 and might add further.
It�s got absolutely nothing to do with market conditions.
The market has been spooked by their breaking a commitment that they made to repay a loan. There is no excuse. They did the placing in Oct and committed to repay the loan in full by year end. You cannot tell me their cash position changed substantially in such a short period. They should have known and MUST have known how much cash they required to fulfill the said orders. The market punishes companies who break commitments. And rightly so.
I still hold here but I do understand why we have been whacked. This company must start to deliver on what they say they are going to do.
This is what I think. The market is a little perturbed by the fact they are unable, despite all the other good news, to pay off the entire YA loan as they had said they would. In turn this suggests their cash position is not so strong as projected.
Do we know if it is incumbent upon the company to announce if they DON'T win the UN tender?
My personal view, I don't think it is. If this was the case then we just won't hear anything.
4 of them have been buys. Hopefully the overhang will clear soon. Interims in around 10 days which, although posting a historical loss, should be a very positive outlook going forward.
Apart from the new cfo Appt there�s actually been a dearth of newsflow in the past couple of months or so. Having said that the SP, in the meant8me, has done very well indeed since aim stocks are often news dependent.
That�s a good indicator of background progress imo. This is a LTH for me.