"There's no contention that unless they can change expenditure some form of cash injection will be required in near term."
You really are stuck in your thought processes.
NO - They have to raise funds - not "IF' or "UNLESS X happens". Why do you refuse to accept that?
Like talking to a wall:_)
You are refusing to rid yourself of the idea that some sort of deal is being negotiated. They can't as they need the trial results to do that. We are going around in circles.
The "tech" you talk about is actually unproven - and any proof of concept is tied up with the trial results - and they may be in the next financial year.
In any case, how long do you think it can potentially take to nail down any deal or TO - A recent example I can give took over 12 months.
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