RE: 1/2 price sale still only 50% sold4 Nov 2025 11:05
Looking back at the RNSs dealing with fundraising (all preceded by a plethora of optimistic 'deals' and 'agreements') they raised roughly 1,500,000 pounds in December 2024 and similar in December 2023. The 2023 raise was at 6p, the December 2024 raise was at 0.65p, and this latest is at 0.25 but only raised 57 percent of the previous two amounts so at historic rates of cash burn will last a few days over 6 months provided the Christmas bonuses are not excessive. This seems to point to another raise before May of next year at what price? 0.10? If less than that they will presumably have to do a consolidation in late winter or early spring. I am assuming that there is no income of any significance coming in from elsewhere, which seems to be the norm for the company. Perhaps they could save on costs by cancelling the lease on the loss-making laboratory or raise capital by selling 201 and the rest on 'Cash in the Attic', but that might not even generate enough for a return flight to California.
Perhaps some of the mysteriously absent supporters could give their opinion, just for balance...