SEO is seriously short of cash at the moment and I would query the going concern basis. It is interesting, however, that the auditors report will be on the year end and not at the timeof the release of the results. That will be critical since it is only after the year end that the legal costs (SEos and BPRGs) came due and then there are the damages. SEO will have to fund raise.
If the damages are too high then the company is bust. No one will buy SEo via a bid when they could buy from administraytion (sic).
Strangely none of the SEO cheerleaders will provide any response to the query about the balance sheet.
Cardinal's payment was much less than expected (is the JV dead?). There has been two lots of options exercised (IBs entitlement was immediately liquidated - shows great faith in the company doesnt it, the CEO taking £600k cash profit rather than hold). That is all that has come in.
No RNS re Reiser other than August's heads of agreement signature. A non binding agreement at that.....
Seems like it will be interesting for SEo in the new year.
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