RE: Here's what i'm seeing happen3 Jun 2026 13:40
You make some great points, i was just looking at what the last fundraiser was for and the majority was to support orders, so unfortunately if this company gets more customers they need more money to support the growth, they are so far away from being profitable and the cost of sales is higher than the sales themselves, they margins are nonexistent as far as I can see
Funds raised will be utilised as follows:
o £1.0 million to increase production to support expected orders from leading snack manufacturers;
o £0.2 million for staffing, including a sales executive focused on international Quick Service Restaurants ("QSR") and Fast Service Restaurants ("FSR") as well as further sales and finance support;
o £0.1 million for marketing to assist MicroSalt with visibility in industry publications, ingredient based sales events as well as to support other marketing initiatives;
o £0.1 million for general working capital purposes; and
o £0.1 million for R&D efforts associated with new product development