Althought Chairman, Steve Carter in his AGM report detailed that Colltech had significantly reduced their cash burn, today's quarterly details loss at over $600K and they have less than $700k cash at hand. Additionally they have fully drawn down their loan facility of more than $400K.
Even if they quadruple their revenue of 608 dollars they should be calling in the administrators in the New Year. Still can't give collagen away.
Althought Chairman, Steve Carter in his AGM report detailed that...
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