RE: Funding Early April31 Mar 2023 15:43
You hit the nail on the head SP. If you was sitting in Whitehall and PA came to you, cap in hand, looking for funding. Surely the Whitehall folks would carry out a thorough DD, look at the management track record of achievements, the current state of the company etc before handing over taxpayers money. Clearly, PA did not pass their sniff test. Did we read of PRE cost cutting measures, BOD taking pay cuts to conserve cash? No. I applaud the Government for not wasting taxpayers money on a company which has a going concern hammer hanging over it.