RE: CLN Views11 Jun 2021 13:26
But this CLN hasn't got much further to go Moon.
N & G already have 203 million shares taken over three tranches. If/when they convert the next lot it will make them largest shareholders by quite a long way.
True, they are getting mates rates when the rest of us pay retail, and the dilution is a drain. But we knew this would happen when their presence was announced in February. Melody painted themselves into a corner and this was the best solution at the time. IMO. Certainly preferable to taking on more debt, which, if rolled over can turn into credit card style interest.
What is re-assuring is that N & G were happy to offer an extra £1.64 million. They are all over the books and spreadsheets and would not have done so otherwise. And the longer they sit on their shares, the better.
Then it will all come back M & A - with Equitory working away in the background.
