RE: A Few More Facts9 Jan 2024 09:10
The development of these new business segments will take a little time and inevitably gives rise to some uncertainty in relation to the timing of certain cash flows.
As such, the directors note that there is an element of uncertainty surrounding these forecasts
At present the success of the NFT revenue stream is thus also uncertain.
For the group to achieve the target forecast and maintain sufficient cash balances to fund working capital, the group's revenue forecasts will need to be achieved. Should the revenue targets not be achieved, the group will require additional funding to enable the group to meet its working capital requirements for the going concern period.
Don't people read?
There will be a big effort to spin this now. InvestorMeet today, Hive tomorrow.
Barry will probably try to save face and pump the same nonsense.
But ultimately, they failed to raise enough money, they don't know how much, if any, revenue is going to come in, which leaves them skint and probably unable to raise the required cash.