I think the problem is not that it was a 50% premium to current share price but that it the placing was to be a lot higher than it actually was. There is a lot of distrust with what Olisol and Pope will do with the company. Risk of them taking it private. I hope it turns out well!
Tethys have never been adept at updating folk on what is going on. Apparently no news is good news....that being said I don't think anybody has a clue what is going on. If I wasn't so much in the red here I would cut my losses and dump as it is a most frustrating stock. I have learned my lesson never to touch an AIM share again anyway.
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