26 million shares left at best, not including yesterday's or today's volume. Should re-rate to double figures pre news once they are out. Going by recent volume this could clear within a day or two under the right conditions.
You are correct but the shares would be heavily diluted due to the low market cap, great set of results though. It is just that existance of uncertainty that is hindering the apetite for some to go long here at the moment.
As at the date of this report the outcome of raising further funds remains uncertain and this represents a material uncertainty surrounding going concern. If the Group fails to raise the necessary funds the Group may be unable to realise its assets and discharge its liabilities in the normal course of business. The matters explained indicate that a material uncertainty exists that may cast significant doubt on the Group and Parent’s ability to continue as a going concern. These financial statements do not show the adjustments to the assets and liabilities of the Group or the Parent company if this was to occur.
Well on our way to double figures now, so much buying pressure here at the moment and every day more and more shares are removed from the ever decreasing free float.