applied graphene materials plc shares fell wednesday after the company said it has begun a strategic review of its options to maximize value with options considered including selling its assets or the shares in its main operating subsidiary shares at 0823 gmt were down 14 pence or 29 at 35 pence the graphene materials company had previously indicated its need to raise more cash to fund operations and the continued development of the business and shares sank as much as 56 in early trade on nov 8 after it said it couldnt raise funds through an equity issue given unfavorable conditions in the smallcap market the company said it has appointed alvarez  marsal europe llp as financial adviser to manage the review process in order to raise the funds needed to continue in operation past jan 31 it will consider options including raising additional funding from a specialist debt provider or strategic investor or an accelerated sale of its trade and assets or of the shares in its main operating subsidiary in parallel with the options described above to seek to protect the financial position of the company in the event the strategic review does not achieve a satisfactory conclusion the board has regrettably decided to commence statutory redundancy consultations with the companys employees applied graphene said