Trek, thankyou, Sir. Much appreciated. That deck was quite helpful, I quite liked the peer group analysis page. Based on the interim results from the Blautix trial I think we may be in for quite a positive final readout
RE: Got to be in to win / he who dares Rodney23 Jun 2020 19:37
Not really a first, money is given in a non dilutive way all the time. Ive pasted the results of a simple google search on the topic below, it is US specific but similar initiatives exist in other countries aswell. Besides none of this is an issue atm as there is sufficient funds to the end of the year
Types of Non-Dilutive Financing
There’s a wide variety of capital sources considered non-dilutive. Here are just a few sources that can inject capital into the business without giving up ownership.
Loans generally require a credit check, collateral, and guarantors. And they must be paid back with interest. Grants, on the other hand, do not need to be repaid. There are several different types of grants for small businesses and start-ups. Usually, they require the submission of an application and, most of time, are tied to a specific project or business milestone. And the business is generally required to provide status reports on the project and/or the business milestones. SBIR and STTR Programs offer funding from small seed grants for risky research to large, multi-year contracts that support multi-faceted programs. These programs focus primarily on projects that support the US Government through the Department of Defense (DoD), National Institute of Health (NIH), Department of Energy (DoE), and many others. SBIRs/STTRs are a great way for businesses to work out the kinks of their technology and products before reaching full commercialization.
Licensing is a good way to get upfront payments from industry partners as well as regular monthly or quarterly payments to fund the business and additional development.
Royalty Financing allows the business to receive cash in exchange for a percentage of the company’s future revenues over a certain period and up to a certain amount.
Tax Credits offset past, current, or future tax a business generates. They can be refundable or non-refundable, meaning that the business receives them even if there was no tax generated (refundable) or only if tax was owed (non-refundable). Tax Credits as Non-Dilutive Capital
Tax Credits are probably the simplest way to inject non-dilutive capital into the business. These dollars are already available to taxpayers and are guaranteed by Federal or State law. For eligible companies, Tax Credits can be combined with other capital sources to make the funding go further. Also, because Tax Credits dollars are nondescript, they can be used to fund costs that were not used to compute the credits such as marketing, HR, employee benefits, employee engagement, technology infrastructure, etc.
State and Local Incentives are meant to fuel business activity and growth in a state, county, city, or municipality. They generally range from tax incentives for hiring employees in the area (very common) to providing capital for a construction project. Programs vary from state to state but are available to most
RE: Got to be in to win / he who dares Rodney23 Jun 2020 17:53
couple of points from the covid update which address the placing fears being raised:
"The Company has determined cash preservation is of paramount importance in this challenging environment. As such, immediate cost reduction measures have been implemented. Based on current information available it is expected that the Company has sufficient funding runway until the end of the year. This is well beyond Q3 according to previous guidance, and should reassure shareholders in the wake of recent pandemic related events."
"the Company had recently engaged a boutique corporate advisory firm outside the UK with a successful track record in funding early stage consumer restaurant tech. This was done with a view to funding growth without the need for an equity placing."
We saw how in March when the first wave of Coronovirus hit Europe the main markets tumbled but diagnostics firms producing tests for Covid, later becoming amongst those known as 'Covid Stocks', rallied by 1,000s of %.
These stocks retraced from their highs over the past few weeks as Corona was bought under control, simultaneously, the main markets rallied. With talks of a second wave, increasing numbers of infections and the worst performance by the major markets yesterday since those March falls, we are likely to see those same Covid Stocks witness rallies as it becomes apparent the requirement for testing has not diminished but is rather being further ramped up.
the phrase "buy when others are fearful" springs to mind. Fundamentals are solid here, a test which is of the highest accuracy on the market, one of the easiest if not the easiest to administer, easiest to transport,, regulatory approved and demand is soaring in target markets with sales activity taking place right now and additional approvals being processed.