RE: Clon cash position is c£18k5 Oct 2022 14:45
Very true MrT (extract from the latest accounts below). At least we know that the Directors will not be seeking cash settlement of £1,480,565 (included in current liabilities) owed to them in unpaid remuneration until 31 December 2024. We just don't know how much has been spent post balance sheet date of 30 June 2022 and WHEN further funds will be required....
'The Group had a cash balance of £188,459 (2021: £344,253) at the balance sheet date. The directors have prepared cashflow projections for a period of at least 12 months from the date of approval of the financial statements which indicate that the group will require additional finance to fund working capital requirements and develop existing projects'