Sorry to keep you all in suspenders but here are a few more snippets on the accounts:
1. The £7.368m in the cash flow statement 'coincides' with:
Loan Facility of £2m plus £65,379 interest 2,065,739
UKFF Loan of £5m plus £302,466 interest 5,302,466
Total £7,368,205
2. I estimate the interest on the three converted loans to total £826K prior to the conversion into
shares in October 2021.
3. The total amount of loans and interest converted is therefore £12.826m (including interest).
4. The total 'value' of shares issued totals £15.655m (including £1m unpaid)
5. So where has the other £2.829m come from and why is it not mentioned, referred to or hinted at anywhere? Does it exist?
6. Is it possible to get in a muddle when you are doing calcs on a fag picket with a pencil? Oh yes!
7. Is it possible to get in a muddle when you are doing calcs on a spreadsheet? Oh yes!
8. Is that what's happened? Dunno.
1. The £7.368m in the cash flow statement 'coincides' with:
Loan Facility of £2m plus £65,379 interest 2,065,739
UKFF Loan of £5m plus £302,466 interest 5,302,466
Total £7,368,205
2. I estimate the interest on the three converted loans to total £826K prior to the conversion into
shares in October 2021.
3. The total amount of loans and interest converted is therefore £12.826m (including interest).
4. The total 'value' of shares issued totals £15.655m (including £1m unpaid)
5. So where has the other £2.829m come from and why is it not mentioned, referred to or hinted at anywhere? Does it exist?
6. Is it possible to get in a muddle when you are doing calcs on a fag picket with a pencil? Oh yes!
7. Is it possible to get in a muddle when you are doing calcs on a spreadsheet? Oh yes!
8. Is that what's happened? Dunno.