note the latest RNS. It probably provides the answer to Moneyspider's question over the paltry £ amount invested by CEO/directors during the recent shareplacing. Key board members have now been given a big slug of options to chase - and 3years to do it. They have adequate skin in the game now (though admittedly not as much of their own as we'd all like).
Some institutions and major shareholders do not lime the directors or CEO,s topping up when a new shares issue is announced or full details raised. I know ow it is positively discouraged in some areas as it can look as though they are in for a quick kill. I believe anyone thatcan raise that kind of money with major institutions MUST have a serious product or be on the verge of a manor breakthrough.
I would normally agree - but I do question why the Directors and especially the CEO only bought a very small amount (£10k worth). Not even the ISA limit. This looks to me like they know they have problems delivering the technology. Why haven't the partners invested - if it is so good?
Spent over £100m on this and got nowhere - all talk - where are they in and working?
If these guys are raising capital then it's because they know they're going to need it to fund an opportunity. More importantly, they had to persuade a number of institutional investors to come to the same conclusion. Any PA holder should top up here - (by roughly 40%) - to match the new shares to be issued and prevent dilution. This is a sign of strength not weakness.
Keep your powder dry chaps. Something is afoot. Steady climb over the last few weeks. Small holding steady period. Is a big announcement in the offing. I'm definitely topping up on this groundbreaking tough little company. Madness not too all the time they are under 20p
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