Possible placing???1 Aug 2019 15:05
There's also talks of a placing over at Advfn between 2-3p is this true?
" The recent interims show: 1. The net Cash at 30 April 2019 was £452.6k 2. The company is loss-making and burning cash at about £50k a month. Hence net cash today is about £300k and cash will be zero by the end of Jan next year. Growth has been great, at 20% in the last six months, but this is off of such a low base that it could double and the company would still be loss-making. It's as plain as day that the company needs to place to raise funds. Placements normally take place at a discount to the prevailing share price, hence expect a placing soon at 2p to 3p. That's the what backtogo is trying to tell you. JakNife)
This was written over at Advfn ???