RE: Cutting costs / raising capital2 Jul 2024 10:10
@Pearls... when you mention a "banking facility"... how much are you expecting them to be able to be loaned by a bank?! Have you worked out how much money is actually needed here?! You make it sound like they just need to pop into a branch and increase an overdraft. Doubtful they would get what they need at this stage through that route taking into account the current state of financial affairs.
Unfortunately we know what a more typical route is for companies in this position and that is a placing leading to further dilution. It's just the reality of AIM. Maybe CRTA will be different.