Saw the suspension RNS so had a look at previous RNS ' ... so let me get this straight
The company decided to acquire a company last May for £270k cash + shares .. but the company they were acquiring had no assets, and the owners of the new company were previous directors of CTEA or previous employees that held a stake in Hyperneph?
So CTEA raised money and went to buy out a company worth nothing which benefitted previous employees and directors. Nice
Every bit of volume chips away at this mysterious seller through Marex. Nothing from the placing, they are all strapped in for the ride just need to move away from this 1p level
Some nice buying late on Friday by the looks of it. Hopefully this is one of the last few days we see this sub 1p. Once they start work on doubling their production from the recent placing monies this should in theory be a heck of a lot higher
That's not how placings work. If circumstances change the placing price gets amended. Depending on how much they want to raise a close of 1.2 to 1.25p leads me to think depending on the raise size it could be 1/1.1p. I'd be all over that at a 10/20% discount.
LSE currently reviewing trades between 8:40am and 9am with a view to cancelling them, there were five .. that £14 trade for £1m worth and then four purchases at £9.97. I bet the person who bought £2500 worth is hoping it gets cancelled!!
Lots of management options being issued but purely based on the share price being 6p and above. As someone stuck with that as my average price it’s at least comforting to see