Very poor Cash Flow Report, Receipts are down, Expenses are up.
This is a backwards step towards commercial viability.
There are plenty of small companies with good ideas, good products and plenty of spin. Most fail to become commercially successful.
With this report, the company needs investors to give it more trust in the future potential while the financials are going backwards.
No doubt we will see a downward re-rating of the company’s value in tomorrows trading.
Ann: Quarterly Update & Appendix 4C, page-29
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