RE: Mikes departure5 Oct 2021 17:54
I agree - I didn't read much positivity in that statement of his, nor of what's reading on the books, the Strategic Report isnt good reading either!
Financial Summary
· Loss after tax of £4.3m (2020: £4.8m), of which of £1.4m (2020: £1.4m) is attributable to production and development costs and £1.5m (2020: £1.8m) relates to administrative and corporate expenses. Non-cash charges of £1.6m (2020: £1.6m) comprise £1.3m (2020: £1.1m) of fair value adjustments to the Convertible Securities balance due and £0.3m relating to share option and warrant expenses (2020: £0.5m).
· Total assets of £10.7m as at 30 June 2021 (2020: £6.3m).
· Cash balances as at 30 June 2021 of £7.0m (2020: £2.4m).
· Cumulative tax losses of £58.4m (2020: £53.7m) available for set-off against future profits.