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Apparently, they dont have any plan to put the company forward except paying themselves high salaries and burning shareholders hard earned cash. Not long to last then.
The initual placing price was 120p ..."with significant additional capital expected to be raised at the time of the target acquisition" Today however, the brief RNS states... Gloo is no longer considering a reverse takeover or the issue of additional shares on AIM in respect of this opportunity. After the payment of transaction expenses, Gloo's cash balance is expected to be in the range of �12 million to �14 million, or 47 pence to 55 pence per share, at 31 March 2018. So....the "potential target" ..is going to bought using cash and form part of GLOO ??? .. What is the "transaction" that has caused the expenses?....and is that "transaction" ...the cause of the fall in the cash balance ?? The RNS asks more questions than it answers.. Anyone clarify anything ??
Actually the director remuneration is 2m/yr and so far they've delivered nothing hahahaha. Nice work if you can get it...
really bizarre - how do you spend that much and end up with nothing... no detail anywhere from the company. CEO is paid 500k/yr. yet another AIM basket case.
dunno why your only saying 10mill - theyve wasted about 18million - rasied �30mill and only got �12mill left. This is worthless - probably end up at ZERO
They spent 10m on a failed RT?
The thing that concerns me, is that in September they had �21million and they now only have between �12 to �14 million, barely 6 months later.
i know! seems a wee odd ... saying the share is worth between 47 to 55 ... and the share price is 37.5 ... um .. 20% uplift?
Like a good opportunity to buy now. If its valued between 47 - 55p per share..
What's makes you say that speakssense ? This stock has been awful since the IPO. Thankfully only have a couple of thousand left to offload, but mm's not interested in taking any stock. Its taken about 7months to reduce my holding.
It's going to get exciting.