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What a load of drivel !
Why would they need to raise money ....the only possible reason would be for the worlds largest contract and the money was needed for build out costs ...btw that would possibly be the best news ever as the contract would be immense...Carry on dreaming but the thought they will raise again is total utter madness.
Read a bit further down Crimzo. You need to finish reading the RNS..
· Development of the Cov-ID app, a joint initiative by a consortium of companies led by Z/Yen Group Limited to build a COVID-19 status verification passport.
· Partnership agreement with Newcastle Premier Health Limited, an occupational health and wellness business based in the North East of England, to pilot the Cov-ID app
· Kevin Everett stepped down as Interim Non-executive Chairman
· Appointment of Brian Thompson and John Farthing to the Board as Non-executive Chairman and Chief Financial Officer respectively
· Appointment of Brandon Hill Capital Limited as sole corporate broker
*****· As at 26 June 2020 the Company had cash balance of just over £1.0m *****
As at 26 June 2020 the Company had cash balance of just over £1.0m
Exactly. Placing too hard to resist. MMs setting the price.......4.0 pence.
Ignore Zengah.......like most on Farn have now
hope no one has not gone to the rest home and talked them out of their pension fund and like savings
Will they use Primary Bid for the placing that they have not announced - I washed the mug so cannot check the tea leaves again.
Stop speaking sense. They have 5 trillion in the bank and every company in the world wants to order this app. I see no-one has answered my questions about how they think the company is worth a £20m+ market cap.
Someone just claimed the Higgs are rich old people when they have no clue who they are. I don't think I'm ready for the internet as I just can't be doing with all the lies.
The question is when the placing is announced: today after market close, or tomorrow at 4.35pm?
As part of the DYOR activity advocated by all the tampers, I'd suggest checking the half-year report to debunk the claims of 1m pounds cash available: the report states exactly GBP533,840 of cash, and that already takes into account the 700k pounds raised in the recent placing. They're haemorrhaging money and will ask for more soon.
Exactly: DYOR instead of listening to tampers.
Mark my words: a discounted placing is coming and those sucked in at the top of this spike will regret. Zengah and his pals will laugh all the way to the bank, and they'll be poking fun a 'the herd'.
Lol, Placing done a few weeks back. £1M cash for sales and marketing.
App ready...
While you were typing they were probably taking orders..
LMAO at some of the comments. DYOR people.
Alot of people trying to get people to sell up. Dont give in to them. They want your shares and to lower the price to get In cheaper!
They all know the extraordinary value of this company.
You only need to watch the recent videos and read the RNS's .
Potential is genuinely massive!
What is the cash position of the company vs the cash burn?
If this couple were close to the company then surely they would wait for the placing?
And further more the app is ready to go? So next exclusive commercialisation....
money time and invested...next is to generate sales and deals...so news should be of deals won?
I think this pump and dump game is going to end in tears. More precisely, the company will raise additional funds via a (very) discounted placing.
Play at you own peril, and remember that the likes of Zengah - the ramper-in-chief here - have already made tons of money and are fooling you to sustain the price as they're selling out.