So £300.5K Secured Loan Notes converted into Ord @ 34.375p with an admission date of 28 April. Now why would you do that? Well maybe, just maybe, you see the price trading above 60p and see a chance to unload your new shares at a tidy profit before the upcoming placing. It's now 25 days since the announcement of the planned refinacing to be concluded "within weeks". Are the prospective placees striking a hard bargain? After all the recent trading update which caused such… Read More
The recent announcement stated that discussions for long term financing are taking place and that "material uncertainties" existed as to their successful conclusion. Trading ahead of the likely pacing poses considerable risks.
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