RE: Well Well an actual transparent update20 Nov 2024 18:11
The scenario mentioned in June 2024 has now happened re: revenues
The Group and Company's base case forecast suggests that the Group will not require additional external funding to be able to continue as a going concern. However, in a severe but plausible downside scenario if either the revenue growth forecasts fall below expectations by 50% ( which is still considerable growth on 2023) or cost saving initiatives are not achieved, additional funding may be required, within 12 months of approving these financial statements which is not currently committed.