There is of course a catch. There is 2.6 million outstanding in convertible loan notes - convertible at 30p so not much of a dilution to current 34p share price. If company ws forced to buy them all back cash balance would fall to undr a million.
However Nigel wray owns 1 million of these and he also owns 8.6% of ordinaries so its highly likely to convert.

Trading update shouldnt be far away. House broker says this year even fully diluted they should get above 10p a share.