Guesstimate15 May 2019 14:31
Say they raise £1m at 0.3 - and we end up with around 800m total shares in issue (inc costs) so valued at £2.4m mcap at 0.3,
they £650k to repay the £500k bonds and interest, this leaves them with around £350k cash which should get the results posted.
How does the company then look in the market place at that point?
£17m revenue, should be cash flow positive, under £3m mcap, in reality we are still tight on cash but this could be possibly resolved with another placing at a higher price.
Say the price gets to 1p+ and they raise another £1m at 1p, we could end up with 1b shares in issue and valued at £10m mcap.
So £10m mcap, £1m+ cash, even if it was £10m revenue but Cash flow positive, debts paid.
It Still has a future.