RE: 3p prediction1 Jun 2020 20:36
'Now we need the share price to reflect that change.'
The RNS dated 17 March stated 'The Board believes that, with these actions and without any further funding, the Company has sufficient working capital to operate to at least the end of May 2020.'
With the $200k Paycheck Protection Program loan announced on the 19th of May the cash runway will have been extended into July. The share price is likely to reflect this reality soon - either new funding is received or action will have to be taken to protect Creditors, not shareholders.
I expect a discounted placing soon, possibly deeply discounted. Time will tell...