Warrants26 Feb 2016 17:06
The added influence on the sp decline is the warrants, exerciseable at 20p by 2020, which would just about extinguish the long-term debts. Given that 20p looks a long long away, the conclusion is that the company has few short or medium-term drivers of sp increase. In an ideal world the BoD would resign, without compensation, to make way for fresh talent. Sadly we are not in an ideal world.