Saturday, June 02, 2018 1:26:22 PM
However, I do believe LP probably has access to further financial resources from the sale of Cognate.
You've got to admit you do like to remind us frequently when you think they are nearly out of cash. And you've got a better handle on their finances than I will ever have. But, how many times have they filed for bankruptcy after you've warned us they're skint? When they actually have had a reasonable amount of dosh in hand, I've never heard you say they should be alright for a while.
The point being; they are clever at finding resources to carry on.
It's an absolute miracle that they've got this far.
What was that silly rule that AF apparently came up with about how companies below a certain market cap never get approval. Well, you know why that is. These tiny firms get squeezed and squeezed, until they have to sell out or partner. Which is what BP rely on.
So AF isn't being clever. He's part of the process that creates that situation.
But LP doesn't fit the mould..
If she thinks they will announce topline in Nov, then she probably knows where the required resources are coming from to get her there. It would be a bit silly if you didn't plan it to be that way, don't you agree?
Didn't she make her loans after the April Q that you quoted?
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