RE: MM paying PREMIUM to buy back stock14 Oct 2019 10:06
lets do the sums, from June agm, less than 250k in bank, but due in 60k vat and 150k from sale proceeds and eventually 420k tax crdt (which we were told July).
Assuming o/d is say 100k (could be more) and monthly out goings are (not inc fee's and trials) 150k...
So, 250k + 60k + 150k = plus 460k, then less 150 a month (as an example)
From end June +460k, less 150k, for July, Aug, Sept, leaves +10k and any available o/d now add in 420k tax credit and we are at +430k, then deduct 150k Oct, = +280k, then deduct Nov 150k and Dec 150k and all of a sudden we are at minus 20k into an (assumed) 100k o/d facility, with no further funds available...
Now, if you newbies, have been following Val, as many of us lth's have, for some considerable time , you would know they (the BoD) rarely manage funds, to point of no return?
Its always been top coffers up, in plenty of time? So, assuming the figs are close ish (as no one really knows except Val), what would be your next move....
Gamble and wait for (the nearly done deal) funds... or take an alternative method, knowing sp has risen considerably from, its recent low of .013 ?
Baring in mind, we asked them to put some more of their own cash in at agm and they declined!!!!!
Deal or no Deal and like I have said, the next rns will be interesting and I am HOPING Suzy has played a blinder with her LOI and other possible interested parties... or indeed Dr Linch, conjures up the mother of all reports.... It really is any ones guess, or apply the historical logic !!