Funding and current cash position!20 Jan 2023 10:20
Funding will be needed going forward although i don't think the cash position is as bad as some people think.
I took the info below from the investormeetcompany presentation on the 20th November 2022 - feel free to cross reference or correct me if i'm wrong.
3m in the bank and another 1m in TAX credits to come. Not the worst cash position in the world and plenty of reasons to be optimistic for the future (AHIL, Stroke Product, NICE, and FDA etc).
So, at a monthly cash burn of around £450, 000 (can't remember the exact figure) we are funded until around June 2023. Maybe longer if the cash burn is £400, 000 per month.
Stephen11.