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If the report strongly suggests that there are sufficient funds until profit and production is happening in China, then happy days. Investors need to see firm projections not cut & paste platitudes.
Very true, but that's no bad thing after a discounted placing
Complete and utter indifference I would say.
Well that was a very pleasant surprise this morning. I had thought they'd gone quiet about the impending raise...........this is fantastic news. A much bigger raise than expected but should prevent them from living hand to mouth and actually invest in capacity to reduce costs/create economies of scale. It would appear the Chinese distribution agreement has also played a significant part in the size of the raise, which indicates there's likely to be strong demand. The fact that the raise was done with minimal discount is very pleasing and surprising (I was expecting 0.5p). It really does appear we're reaching inflection point. GLA
DP, should have gone to Specsavers. Have another look.
A massive fund raise and hopefully the last one but we won't know that unless an indication is given in January. Would have been nice to have been invited to contribute but that was not to be. Clearly delaying results until the last minute in the hope of a positive report from China as the accounts would probably take about an hour to compile so no other reason that I can think of. Perhaps Ford is considering a salary deferral scheme until the company makes a profit! (What was that? A flying pig!)
Maybe a new floor under the SP but 3/4p after 10/11 years is not exactly a success story is it! Neither is 2.3bn shares in issue.
pursuant to AIM Rule 18 of the AIM Rules for Companies, the Company announces that it now intends to release its unaudited interim results for the six months ended 30 September 2020 in January 2021.
In the RNS the £1m raise is there however no information about HY results. Did you guys find that info or I am missing something here?
gixer,
Fully agreed with you. To raise £1m with only 6% discount in this current climate is a huge confidence on the company. It seems some big news are on the way very soon.
Could be CB or Zeus. Perhaps there trying a big short. Wonder when we will get an holdings RNS from SL
Big raise. But, at a very good price and very likely to be the last one. No major sell off, appears to have been well received by the market. Onwards and upwards. Blue hat can't be far away and hopefully accompanied by a large product launch. Target, 5p 2021.
Wellsite LoL
gaf
£132 sell is that you out now
? :-)
W££££
“Whopping .dilution” not really , I’ve had companies that have diluted by 100% so only a small and much needed fund raise , I can see massive potential now , looking forward to results and more detail about what is happening with bluehat .
Well we all knew it was coming (and if you didn't you should read the RNS's) but £1m is a lot of cash and shows investor confidence and has de risked the business.
Fantastic and expected news , the £1m will fund the expansion into China by CBEC , I wonder if the delay in publishing results is to coincide with BlueHat approval !
Fair point. But you have been bleeding about 0.35 and strong sell. Why would you do that if you are not shorting or hold any. I am surprised CB has not complained about this placing yet. Why delay results, come on, join the dots. And yes I am ramping. As one of the many LTH I want us to all do well. Great product and saves lives.
The only thing I find annoying, again, is that PI's didn't get chance to participate, so once again we don't get the opportunity to buy discounted shares. 18,850 sold so far, someone's getting a new bike for Christmas.
Actually I know it’s a lot of money but 1 million at .75.
I’m impressed gotta be something special going on. Investors aren’t idiots and they also want big buck returns.
I think it’s good.
"Gaff, Ive been telling everyone for month this was going to happen."
The company themselves told us they were going to raise, so it's got f'all to do with your crystal ball. Anyone selling out at this stage would be nuts!
Of course they did. Fantastic raise. They must have bought a big batch of FF+. It's not easy during these times to get such a good deal on a placing. Seen so many placings done with a 20% discount Zeus and crew have been caught with there pants down.
One million at F’all discount - the investors must have seen something they liked.
W$
Yes you have but at a much, much, much, much, much, much, much, much, lower price. Why do you think they needed to raise so much money. To fund more supply of FF+. Also this now secures us as a going business to bluecap and beyond. The new and old investors must have been happy otherwise they would have wanted in at a much lower price or not at all. You shorted this thinking the placing would be at less than 0.35. Loseer. Great work IF. Role on 2021
If I get a chance this morning to take a small loss im out. I should have listen to people on here. They said a placing will come. This at .75. Will probably drop to .50 finger on the buzzer at 8.15
what a lovely Christmas present. Instead of Chinese go ahead, more dilution! Worst share I ever invested in. Get a move on DSM. You had the perfect opportunity to take advantage of the Covid crisis with a product that would help on a global scale and did nothing! Now vaccine on the way and opportunity gone. Utterly useless
Will there need to be a consolidation some day soon?