RM2 International says cash reserves can last into March
Source - SMW
Pallet provider RM2 International said it expected to have sufficient cash to continue operating through the first third of the month of March.
The situation, however, could vary, the company said, depending on the outcome of ongoing discussions with third parties, including manufacturing partners and alternative sources of financing.
RM2 said it remained committed to reducing its overheads and would continue efforts to sell non-core assets where possible.
'Trials of the Company's ELIoT smart pallet continue to elicit positive feedback from customers,' the company said.
'The company continues its discussions with potential funding partners, strategic investors and customers in order to progress the business.'
At 9:21am: (LON:RM2) RM2 International SA share price was 0p at 1.05p