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you'll know how little cash they have by how quickly this £1million raise from the major share holders comes along ahead of the delisting. I am assuming they are doing it to wipe out PI's while raising whatever cash they can. Maybe they'll try and engineer a spike to get some momentum trading.....but I doubt it.
Where are all the rampers from the other week? Joke of a company. You would burn cash slower shoveling £50 notes into a furnace Looks like they need another £3-4million to keep paying the directors for another year, and had no chance as a listed company on AIM.
I'd take your profit and walk. £300K/month burn rate and £700K left a month ago. Judging by the predicted revenue increase Deepmatter will get £500K for the first year. Not even 2 months money Don't look a gift horse in the mouth.
So we are told by the government that fracking will help solve the long term energy crisis yet a company called UK Oil and Gas is now focusing its' business survival in Turkey?
they had 10,000,000 shares End of August there was another $370,000 to get from assets including shares. I would guess most of that was coming from shares as the plant and equipment will probably go for buttons.