Worried about finances?4 Apr 2019 19:38
Then you no need be
From the recent RNS
"The Company is seeking to partner Clevegen in 2019 and is currently engaged in numerous potential partnering negotiations including with several large pharma companies. The Company is targeting a significant upfront licence fee as part of an overall potential licence deal"
This is the plan for funding FARN, it's the same model that has been used up to date to keep FARN debt free.
But you would also expect a forward thinking company to be prepared hence the next sentences
"In addition to the Fundraise, the Company is exploring a variety of additional sources of funding and longer term funding arrangements, including discussions with potential licensees, grants, strategic investors, soft loans and an equity draw down facility. Discussions are ongoing across funding arrangements and further announcements will be made as and when required"
Now it's interesting that the one thing Mani and prem focus on is the phrase, "equity draw down facility" the very last option mentioned... last case senario is bowling money. Well you should know this if you invest, you only buy shares in company's you think have value, money is only loaned if the lenders think they will get their money back
But coming back to reality, the here and now. We have cash provided by company members, family and friends... these are ones in the know... Plus Exsiting shareholders and new IIs
Why would the CEO alone throw in 200 grand if he thought the company would fail?