Ann: Half Yearly Report and Accounts, page-15

"They need to lift next quarter or it's a savage CR coming"

The last attempted placement was for the equivalent of roughly six months cash at their current burn rate.

The market baulked and only filled half (1.1 million from memory) at a ridiculous discount.

I'd be amazed if the could fill a raise unless it's on the back of some hail mary break out agreement.

Time will tell I guess. Pretty obvious though that time's up and it put up or bust from here on out.

JJ out.