Going concern2 Jun 2025 07:54
Buried in the narrative:
2.2 Going concern
The Company has successfully raised additional capital to execute its plan of development of AI Agents, specifically in the Recruitment, Sales and Research sectors totalling Β£1,900,000 gross since the successful Reverse Takeover, indicating that there is substantial investor appetite for exposure to the AI Agent sector.
However, there is no guarantee that this appetite will continue despite attempts to fundraise in the future.
These events or conditions indicate the existence of a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern and, therefore, that it may be unable to realize its assets and discharge its liabilities in the normal course of business. The financial statements do not include any adjustments that may be necessary if the Company was not a going concern but note that the auditors make reference to going concern by way of a material uncertainty over the ability of the company to fund the recurring and projected expenditure.
The Directors consider that despite this uncertainty it remains appropriate to prepare the financial statements on a going concern basis
TWK - hoping that the last sentence is really saying that the Directors reckon this dude is going to stay alive