Everything's Fine!12 Nov 2023 22:12
To paraphrase the Financing Update:
...AMTE, with its subsidiary undertakings, the "Group", has made GOOD PROGRESS in negotiations and due diligence by the Equity Investor with regards to the Proposed Subscription of £2.5 million...
The Group has sufficient cash until week commencing 27 November 2023.
On its own, it won't be sufficient to finance the Company through to completion of the subscription. BUT, the Group is in discussions with equity providers and interested parties to provide it with sufficient bridging finance through to Completion, and anticipates making a further announcement with respect thereto early next week.
GREAT!
...In the event that these discussions do not conclude positively.... basically we gotta say... but everything's FINE, so be chill ;)