RE: Ground breaking technology15 Jan 2024 12:59
Correct Earl £487k as of Sept 23 which is nearly 4 months ago. Projects are being delayed, they are operating at a loss with stringent cost cutting measures in place. They are also cutting staff numbers and cash flow is a real ongoing concern. All in Dec HYR..
It dosent scream 10-20 bagger.. but you said it will so let’s believe you and not what the company release via RNS…
The Directors note that there is inherent uncertainty in any cash flow forecast, however this is further exacerbated given the nature of the Company's trade and the industry in which it operates. Due to the risk that revenues and the related conversion of revenue to cash inflows may not be achieved as forecast over the going concern period, the Directors believe that there exists a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern and it may be unable to realise its assets and discharge its liabilities in the normal course of business.