RE: Friday, Friday, Friday...27 Jul 2024 08:31
Helpful, my maths not the best so if you could help that would be great !! As of 31st December RRR had just £82k in cash ! 6 months costs in the interim was roughly £1.5 million . They have done one raise for circa £250k since which means, If cash burn same as previous 6 months they would have had to have borrowed £1.25 million plus just to stand still and not age wages - The last 2 x subscriptions got an awful fishy smelly auror about them, time will tell I suppose ! But loan payments alone in the interims were over £220k, wonder what they are now ? Oh and we still yet to see what price the CLN holders are going to roll them over for ! Helpful not been so grumpy last day so perhaps he swallowed this time a Bell has lowered the price below 0.1 ? xx