RE: Any views28 Jun 2018 11:10
ma5k they already have a broker if they needed a placing.. which to run company at present is not needed. Last update even stated a "healthy cash balance of 500k". ongoing costs are tiny, they could run the co on that for several years.
In my opinion, it could be to raise at some point in the future, at a much higher price, maybe to help fund something big that they in the pipeline? Remember Jacques owns 19+ % of company. He won't want to dilute that holding down at this price.