RE: Cash burn21 Jan 2020 08:45
whosthefather,
I would say that BM was given those shares at circa 12p as some sort of bonus payment and in an attempt to inject some buyer confidence at that particular juncture in time. He has now been forced to take more shares in lieu of a cash settlement, which I reckon wouldn't have been what he desired, but was probably told carte blanche that, that was the only offer available to him on the table given the current cash crisis.
It's as if they have acknowledged that the "deal" is now not taking place and that post Feb 14th, they now need to have as much cash left in order to execute a 'Plan C', which IMO is delisting from AIM or selling-off the company to a n other outfit for a pre-agreed, nominal amount, which in theory should cover and of the remaining debts and severance payments owing to various individuals / parties.
I guess all will be revealed soon enough. This reminds me so much of what happened over at MYSQ. That lesson, as you know cost me and countless others, a lot of dosh.
JTF