RE: Where is the thanks?30 Sep 2025 15:06
They already spent those thanks in advance, increase in admin costs of £160,000.
btw who actually proof read that RNS:
Chair Outlook:
Going Concern
As at 30 June 2025, the Group has cash and cash equivalent balances of £70,474 and net current liabilities and net liabilities of £1,640,223 and £1,614,520 respectively.
Taking into account the net proceeds of the convertible loan notes constituted, or to be constituted, by the CLN created by the Company on 30 December 2024 (as amended on 31 July 2025), the Company and its subsidiary undertakings have sufficient working capital for its present requirements, that is, for at least the next 12 months from the date of this report.
From the Financial Notes
3. GOING CONCERN
The directors' cash projections for the forthcoming 12 months conclude that there will be a need for additional cash resources to fully implement the business plans. The directors are in discussion with a number of individuals that may lead to further equity and/or loans being raised. There is no certainty that any such funds will be forthcoming or the price and other terms will be acceptable.