Surface Transforms (AIM: SCE) - Bad Results or Good Results?
Cash Almost Gone – NO!
In November 2014 Surface Transforms set out to raise £1.5 million in a placing and open offer. These funds are required by the Company to commence a £3.5 million, three year investment programme which is targeted to reduce production costs by 50% and increase manufacturing capacity to 10,000 discs per annum. Whilst the fund raising was only partially successful, raising gross proceeds of £1,067,000, the Chairman reported in the…
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