It's an interesting company, with services for discovering innovation, as well as investments based on IP from universities.
Results for the year ended 30 November look good, with an Operating Profit of $4,153,154, which isn't much different from "Gain /(Loss)after tax for the year" (due to only $1,406 income tax expense), and with a higher "Total comprehensive gain for the year" due to a $424,230 currency gain. Those are big numbers compared to the market cap of £7.68m. But, profits were driven by a gain on giving the portfolio a value, of $6,083,225, compared to zero in 2016. You can only give a first-time non-zero valuation once.
Cash used in operations was $2,739,179, with $3,051,889 from issuing ordinary shares. There's too much chance of the stock going down as shares are issued to fund the cash burn, for me to invest. Maybe I'm missing out on some great technology, but in my experience, at least for the stock of tiny UK companies, cash burn tends to beat tech quality.
The company's site is on https://www.tekcapital.com/intro/
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