RE: kenny23 Jul 2021 12:53
mannnan,
They still have quite a bit of cash; they will be able to keep going on their nanotech journey whilst paying themselves CEO wages. Often this type of company ends up a lifestyle company that raises more money for an "exciting" new venture [more responsibility for management so more money for management].
Eventually it can end up in a situation where there are significant accumulated losses, so the cash shell game can be played; raise another £6m and become an investment company and pay management whilst they look for the next exciting investment area.
You will have seen some micro-oilers are now planning on becoming geothermal specialists, despite it not being economic to produce geothermal energy. The same cake for management, just a different recipe.