RE: Offering my apologies2 Apr 2023 14:28
Death Spiral finance is the finance used by most companies when they have no other option, have diluted the F out of the shares and have no real opportunity of getting real term revenues in. Think gas and oil explores or nonsense life style companies.. I don't see that here whilst there hasn't been any real sales with the other products launched. These have been well documented and were mostly linked to the pandemic and were to point reactive to an opportunity that presented it self . And yes they fail dismally in a saturated short-term market. These are totally different apples and should over time lead to the company being self financing and becoming profitable. The staged terms of this finance means they only pay when they draw down after the initial £2m ( 6.5m shares) Nothing is ever free and whilst it would be great not to use dilution to finance the next stage its pretty unrealistic too