RE: "Topping up"1 Oct 2021 21:16
United guy and co, this is from yesterday's rns
? Cash and cash equivalent balances at the period end amounted to £4,665,424 (31 December 2020: £3,741,135).
? As at 29 September 2021, the Group had cash and cash equivalents totalling £4,140,540.
You have argued this many times, saying they had 6 million pounds in the bank at the beginning of the year and I said it was not. Again and again I said the cash burn considering all that is going on is not that significant. Again and again you said this company has no money left.
on the 31 December 2020, we had £3,741,135 in the bank and on the 29 September 2021, the Group had cash and cash equivalents totalling £4,140,540.
My point, my scheming lying trolling friend is that, for me there are no real red flags, this company is cash rich, has enough money for the next couple of years at least, they have many products, surely they will bag a deal.
I'm just saying to the doom brigade, I'm happy to see how this plays out, the market fluctuates, sp goes up and down, i'm not worried or concerned. DYOR