Finance29 Mar 2022 12:21
OK so we have raised through placings and loans £35 million in recent months, some say the company is burning cash at an alarming rate.
To manufacture at volume you have to invest, in people, property and equipment this is I am sure a fact we can all agree on, let us just for a moment take a deep breath and think, what if Skin Trust Club becomes a unicorn, what if Modern Water sell 200 units a month what if the BT trial is successful, the only way this can happen is because of the cash that was raised, GB mentioned due diligence recently in relation to the £25 Million to get big orders you need to show you can fulfil them, now lets go back a few years pre MW 2018 GBs wife lent the then integumen cash to pay the wages. Revenue prediction reinforced 3 times in recent weeks £24 million this year wow !!
DVRG had to raise the cash to move forward, this is not to keep the lights on its for expansion. finally when I first purchased shares in 2018 it was because of the none animal testing of cosmetics and the artificial skin, that's the foundation of this business and its hardly mentioned now on these boards, I remember when an RNS mentioned we were working with a couple of the top 10 cosmetic company's in the world, we have come such a long way
in a very short time, lots of spinning plates, and yes a couple have dropped, but what an incredible journey