This is an unbelievable statement and much more than I expected.
On all fronts, the news is positive.
Biotec is in profit, at best I expected breakeven (and I was slightly worried about AXM).
The cost base is still falling, the move from March will cut rental costs by 70%.
We now have a new division in France that will bring us closer to profitability and at the same time provide a vehicle for selling and demonstrating our Xgel technologies. Talk about killing two birds with one stone, an awesome masterstroke!
We are talking to a number of the top 10 pharma companies on licencing - this of course may take time to see results - but meantime we can now move to market.
These moves put pressure on potential customers to commercialise - or take us out.
I wish to thank RT and DF for sterling work - now shareholders can see that our swans legs were swimming frantically beneath the water!
We won't stay in the 50's long, in the 60's will be brief - there is a massive amount of hidden potential here - the bn will make that even more evident.
100p is on the way IMO, I'm supremely confident.
Well done on LT holders!
PS: My thoughts and prayers are with Ron at this time.
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