Professional archival solutions company Plasmon plc dipped 12% this morning after warning that it did not expect to reach cash break-even level until the second half of 2009.
The Company is currently attempting to raise £10 million before expenses at 10 pence per share to fund an aggressive drive into the archive storage market, where the market is forecast to grow from US$9 billion in 2007 to US$23 billion by 2010.