SJURVM schreef op 16 augustus 2018 13:31:
The going concern model covers the period up to and including April 2019. In making this assessment the Directors have considered the following elements:
• the working capital requirements of the business;
• a positive cash balance at 31 December 2017 of €4,345,000;
• the repayment of the current bond borrowings according to the agreed repayment schedules.
The forecast prepared by the Company shows that it is able to cover its cash needs during the financial year 2018 and until April 2019 without the raising of any further bank or other financing facility.
from the Annual report.
However we now know that Novaprep is a bit more complicated and that the Chinese had not paid the 900K.
So indeed, is there a potential need for funding earlier than anticipated???
It seems as if the sales happen at the opening of trade in the States. I think that an institutional is selling its position and with the small daily volume that has a significant impact on the share price.