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Blancco scare divides opinion
A cash flow review that forced an emergency £4m fund raise by data erasing business Blancco Technology (BLTG:AIM) is dividing opinion. Some analysts believe this is a symptom of ‘growing pains’ as the business expands, others criticise ‘poor cash management.’ One broker’s analysis identifies a potential £5m funding gap in future on top of the £4m cash call already announced. Blancco’s share price has slumped 22% to 169p since the announcement.