With blur’s cash at 31 May 2017 standing at $1.14m, the group conducted market soundings with new and existing potential cornerstone investors to see if it can secure additional funding. On conclusion of some of these initial discussions, the proposed investment terms included a number of onerous conditions which the board considered to be not in the best interest of shareholders. As such, it is currently evaluating alternative sources of near-term funding, which may or may not be forthcoming wi ....
23 Jun 2017
N+1 Singer - blur Group - Update on financing, business plan and current trading
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N+1 Singer - blur Group - Update on financing, business plan and current trading
Maistro (MAIS:LON) | 0 0 28.5% | Mkt Cap: 9.04m
- Published:
23 Jun 2017 -
Author:
Tintin Stormont -
Pages:
4
With blur’s cash at 31 May 2017 standing at $1.14m, the group conducted market soundings with new and existing potential cornerstone investors to see if it can secure additional funding. On conclusion of some of these initial discussions, the proposed investment terms included a number of onerous conditions which the board considered to be not in the best interest of shareholders. As such, it is currently evaluating alternative sources of near-term funding, which may or may not be forthcoming wi ....