RE: Very quiet20 Jan 2021 10:47
strange times.
Didnt iconic fundraise/finance last November?
Placing fully subscribed.
· Placing of 6,231,610,203 Placing Shares at the Placing Price has raised gross proceeds of £747,793.
In addition, the Company is also announcing today that it has entered into a new more conventional debt facility (the "Facility") with Shard Merchant Capital Limited ("SMC"). The Facility is to be secured and is for an aggregate amount of up to £1 million, with an initial drawdown of £500,000 from SMC.
So surely have funds still or access to it
Also surely they can’t be to far from break even, profitability??
Surely They must be bringing in yearly revenues of 1.5-1.8m
The joe contract alone is 125,000 per month.