If a company is not generating profit, the audit will take into consideration the assets and their current worth, this maybe crucial for the next fundraise and price.
Father Elmer, It does matter, if you have insufficient cash, the assets will be marked lower, to continue as a going concern. Which will make some sort of funding inevitable.
Mol. I hope the transformation comes from the revenues from Croda. As to the acquisition, a new managerial structure and increased staff should make the company more efficient, which is transformative.
RE: Re: Green subsidies on cement?3 Feb 2023 20:44
Richetts may have shafted Amanda Sollaway and the Government in giving a 5 million tax payer funded handout to this continuing loss making enterprise, which pays it's CEO, an annual salary of 400k. The Yanks are not quite as dumb as your intelligence suggests.
At some stage an audit has to be done, otherwise, suspension will be imposed. Versarian has failed to generate profit, and as such is not a going concern, unless a sizable placing is undertaken. pdq.
Acquisition D' has a product line that sells via its marketing to various pharmacies and the NHS, skin medications that are not exceptional, but profitable. With STBX research and proven science, plus the revenue stream from Croda, which they must have been given a strong indication of, this golden opportunity has greater significance for D but also gives significant commercial traction as a combined entity with SBTX. Just a reiteration.