RE: "Topping up"1 Oct 2021 22:16
Poor, you need help my friend.
For cash burn please see annual report posted 30th of June. "as at 8 June it's consolidated bank balance stood at approximately £5.0M
Interims said "As at 29 September 2021, the Group had cash and cash equivalents totalling £4,140,540." note not all of this is cash and will include debtors most likely Lemu.
Based on these two statements the 3 weeks of June and the next three months cash position has dropped by more than £200K per month.
Based on these simple numbers NNN have 20 months money left. However the wage bill is increasing, R&D costs money as does "productising" so assume less than 20 months.
The sales for the 6 months to June were derisory and with much lower than expected margins so little hope here for cash generation and there are no new products to go forward with at the moment so expect new funding round and dilution in 12 months from now.
Taking all these factors into account NNN is massively over valued.