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Just wondering if part (or all) of the reason for the trading interest today was that the shares went ex-rights yesterday?
Apparently for every 7 current shares (@~1.3p/share) we get the right to buy 1 new share for 2p.
Not entirely sure that's good value for money - but presumably if I now sold all of my existing shares, I would still "own" those rights.
What's the point to get EX-RIGHT at 2p if the share price it's 1.35p now?
Very good question!
Having read through the presentation and accompanying circular, I guess that the "incentive" for investors to subscribe are mainly that if they don't there is a risk that the 1.35p now will become 0.0p in the near future!
Also, the claim by RedT is that if they raise the money, the company may get to the point where they are actually delivering machines to customers (eventually).
I guess that it is for each investor to decide for themselves whether to take up the rights or to cut and run. Having lost over 80%, I am not sure that I would want to chuck more money in on the off chance that this comes good.
Very good question!
Having read through the presentation and accompanying circular, I guess that the "incentive" for investors to subscribe are mainly that if they don't there is a risk that the 1.35p now will become 0.0p in the near future!
Also, the claim by RedT is that if they raise the money, the company may get to the point where they are actually delivering machines to customers (eventually).
I guess that it is for each investor to decide for themselves whether to take up the rights or to cut and run. Having lost over 80%, I am not sure that I would want to chuck more money in on the off chance that this comes good.
I'm sure they stated that they have been delivering machines to customers. Who would buy if the company is this close to the wall, where would the support be? If I were anglian Id be trawling through the contract looking for a get-out clause.
I'm not in for any more, mentally it's written off, if it recovers great, i've already suffered the pain.
Surely anyone thinking of buying anymore will NOT do so in the OO, but rather buy them on the open market. A couple of days ago you coulld have bought for less than 1p. That was the time to buy, not at 2p on the OO.