RE: A Dead Duck23 Jun 2025 13:12
Please read this in full....
So, the company raised £200,000 through a placing of 1,333,333,333 new shares at a whopping 0.015 pence each. That’s right, folks, a new discount price that’s 45% below the current mid-market price. Just what every shareholder dreams of, a massive dilution!
And to make it even more special, these shares come with lovely little warrants to buy even more shares at 0.05 pence later on. How generous.
Now, let’s recap the grand plan here.
The funds will be used for working capital (read: more dilution) and to progress reverse takeover efforts. Funny how “progressing” an RTO has been on the agenda for over five years now!
First under the name Curzon, and now Corpus. How much progress have we seen? Oh right....None!!!
Just more promises and more dilution. The only thing getting bigger is the number of shares outstanding, not the company’s actual value.🤠🐮🤣🤠🐮🤣
And don’t worry, folks. The best part is the company’s continued commitment to raise money for expenses under the guise of an RTO, which has worked out so well in the past... right?
Where has that gotten us? Nowhere. Just a reduced share price, a few mysterious announcements, and an endless cycle of dilution.
Meanwhile, the board and their loyal followers on this chat board keep claiming that the next RTO is going to be the one that changes everything. Sure, because after five years of empty promises, what’s one more, right?
But hey, don’t let reality get in the way of your fantasy. Keep believing that this is the next life changing event while the share price gets obliterated.
If the company was a circus, the board would be the clowns. The only thing you can count on is more of the same.....dilution, promises, and watching your investment shrink. 🤠🤣😂🤠🤭🐮🤣🤣