Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Interim numbers from Hydrogen Utopia (HUI) indicated a monthly cash spaff of c£100,000. That will not have changed in the second half of the year. If anything it has got worse. Not surprisingly that sees the shares sliding and that poses a particular problem for CEO Aleksandra Binkowska who has agreed to pledge all her shares for £3 million of rescue loan finance. But as the shares collapse, that package looks in jeopardy.
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