Software firm begs for £4m

NEWS British speech recognition software firm Vocalis is to offer investors almost 50 million new shares at 5p per share in an effort to raise £4.1m and stave off going into administration. The company has admitted that its cash reserves will disappear on 21 December if it doesn't get the money. The Cambridge-based firm has been burning cash at £400,000 per month, according to the Financial Times. It's shares were once worth £10.57 each. For related news, se:
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