RE: Will this close below 140?30 Sep 2020 16:17
Foxy - read the RNS
“ Over the next 6-12 months the Company intends to pursue the development of SNG001 as a therapy for COVID-19 through further clinical trial activity and upscaling of manufacturing and supply arrangements. To the extent that such activities are in addition to the Company's current commitments they will require financing. The Directors will investigate all potential sources of finance, including but not limited to, new equity, and remain confident that funding will be available prior to entering into further commitments.”
All commitments to date are fully funded for 12months.
So funding will only be required if we need to ramp up massively which obviously will be a very good thing indeed.
Funding comes in many forms.
MAP is likely to generate some revenue too.