Ann: Full Year Statutory Accounts and Appendix 4E, page-75

Actually, they only had half this quarter covered by cash - and then needed another 500k loan to get them through the rest of this quarter.

Dire does not even cover their current position really.

They need the R&D rebate just to stay afloat.

However, they will still need to justify that they still have some sort of research agenda - and the R&D rebate will only get them through another 12 months. Then what?

Very precarious way to run a company's finances at the very least.

I think people are hanging on to some sort of deal happening but that smacks of desperation - there are no other interested parties at this point.