RE: £500k borrowing and Zero Revenue28 Sep 2020 10:25
Read it again, looks like it's only the short term loan.
The short term funding that the Company announced last week to provide sufficient funding runway to the end of the second quarter of 2021 and to enable the build out of the SaaS platform will be due for repayment in the second and third quarter of next year. The Company may also convert this funding to equity at its election.