RE: IG18 Jun 2025 13:17
The WRAP Offer was met with exceptionally strong demand, several times in excess of the original offer size. As a result, whilst the Company initially set out to raise £100,000, the directors have resolved to increase the offer but materially scale back the subscription applications to raise gross proceeds of £250,000 through the allotment of 1,388,888,889 new ordinary shares of £0.0001 each (the "New Shares") at a price of 0.018 pence per share.
Does this not mean that the share price seems to be holding up extremely well