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This is quite shocking given the progress the company appeared to making commercially. The cost run rate appears to continue to well above what is required and the board have failed shareholders once again. Further funding from Irdeto seems unlikely given its parent’s reluctance to allow the funding to proceed and so it appears a sale of the business is the most likely outcome, for which we can now only hope that a number of potential bidders show interest in order to realise any form of reasonable outcome for shareholders
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