News blog

Totally

• BY: Andrew Hore |
• POSTED: 22/08/2013 |

Health-related digital marketing services provider Totally says that it is trying to raise cash in order to finance its expansion. 

Discussions about a potential share issue and/or convertible are at an advanced stage. Optiva Securities was appointed joint broker at the end of May 2013.

Cash balances were £100,000 in July and there were current creditors of £500,000.

A contract in Leicester for a Chronic Obstructive Pulmonary Disease health coaching service programme has been extended. This is worth £128,500 over the 12 months to June 2014. However, changes in the structure of healthcare in the UK are delaying additional business.

At 0.83p a share, Totally is valued at £1.71m so a fundraising could be highly dilutive.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFAugust2013_47.pdf