RE: RNS 2 years cash runaway + £33.345m2 Apr 2026 12:00
With institutional-grade custody, no debt, no leverage, and a Main Market listing, Satsuma is well positioned to deliver long-term value for shareholders. The Board expects to make further announcements shortly regarding the addition of new Directors and the Company's operational strategy."
but yes TH'' they do seems to have burnt through a lot of cash in the last 4 month 17dec 2025 we had £11.8m in cash to now have 5.9m in cash ? and even with the severance pay to sack director of 1.35m and BTC purchase there is still £3m unaccounted for ? perhaps gone to over bloated pay package also ?
anyway hope we can draw a line under it going forward with these x2 new director and whatever plan they have to get back to growth and more cost cutting, because if the only business module they have ATM is to buy BTC and hope it rise then their pay package is well over the top and had to be stopped to preserve shareholders value....
regards...