RE: Motif/ amp rise12 Feb 2019 18:29
Amphion's interims (view the detailed financial report addendum 10..), total liabilities are $29,053,470 (£22.44m) that includes convertible promissory notes, promissory notes, and several loan facilities. This figure excludes monies owed to the directors of $4.5m (£3.48m).
If you then add the directors' monies to the £22.44m you arrive at £25.92m. Now, applying mandatory routine fiscal adjustments (cash burn and interest payments on the liabilities) gives a projected debt value of £27.4m.