RE: Excellent market reaction11 Feb 2020 13:51
Instead I found this.
The Company has therefore entered into a new financing and settlement agreement ("Financing and Settlement Agreement") to secure additional financing from the Investor for a gross amount of up to GBP5,000,000 with a commitment by the Company to draw down on at least GBP2,000,000 of funding, with the decision of the Company as to whether to take more that GBP2,000,000 being in the sole discretion of the Company. This provides the Company with sufficient capital to pursue its near-term growth strategy of organic expansion and by making opportune, well-priced smaller acquisitions. It would also be used for general working capital purposes. As a result of the new financing arrangements, the Company hopes to achieve a clean balance sheet as early as the second half of this year.