RE: Walbrook PR16 Apr 2023 22:09
Wrap, true. Winning the case would be fresh but won’t be the silver bullet some think. Ok it’ll boost the cash balance which is great and remove uncertainty around the company going bust but given the total lack of strategy, sales pipeline, CEO etc I doubt the market would price us more than whatever the cash value is post dispute. Not that that is a bad thing as it’d be at least a doubling of what it is now, but it certainly wouldn’t soar. All it’d mean is we have more money to cover losses so continue as a going concern for a few more years.