Cash balance is concerning!
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The Company has reduced its operational expenditure whilst it continues negotiations with a prospective industry partner which, whilst has taken a longer period than initially anticipated, is expected to conclude in November or early December 2024. The negotiations remain incomplete and confidential, and as such there can be no assurances any transaction will be concluded. Should the Company require interim funding whilst negotiations continue the directors currently intend to provide that funding via a directors loan. In any event, the Company is confident it will be able to access capital when required
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Next two months is make or break time. The deal better secure us into the future or it is looking bleak! Conversely, from this low point- if a good deal is secured will see a serious re-rate. The world is screaming for this kind of innovation!
Thoughts?
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