Our Cash Resources26 Feb 2018 14:50
Our Cash Resources
Someone asked if we knew the current cash resources. Technically we should be able to calculate the balance after any fund raising and investments made less admin expenses.
What we do know from the Half Yearly Report to 30/06/17 RNS 6/09/17 it said we had a cash balance of �126K. There was a placing of �500K on 7/7/17 also �1,650,000 on 2/08/17 and �1,000,000 Being very conservative with the placings and deducting 10% for Brokers etc the cash would be about �2,961,000. Take off �161,000 for keeping lights on would leave about �2.8 million.
We have invested in Truespine �500K, Sport80 �100K, Farina Investments �100K, Engage �400K, Fomo Money �240K, Weshop �200K & ��675K and Fresho �43K. I calculate the exact value of cash paid for the above investments since the half yearly report as �2,258,353 which would leave cash in the Bank of about �702,647.
DYOR
RKB
PS how many of companies are you invested in that have no debt, cash in the Bank of about �700K and 12 investments with an initial cost of about �3.7 million and a minimum of three IPOs due in 2018 (In UK) and with one IPO due on NASDQ?