RE: ZULU and the Surge in Trading - Multi-bag potential (Continued)21 Feb 2021 23:09
Hey Acker, you are correct that this can be a traders share. I hope no one was short on this at the beginning of last week, cos that’s gonna have hurt! Personally don’t think anyone would have been foolish enough as it was super low and only going to go one way!
The investors that came on board in October significantly de risk Prem because they have provided a realignment of strategic vision coupled with further investment opportunities . They also potentially could provide different sources of capital. On basis they injected a significant amount of money into Prem that it is now debt free with money in the bank!
Circum as far as my memory serves me is a big plus because when we reach a liquidity event the proceeds are potentiality to be distributed....it goes to a shareholder vote I think this was RNS’d sometime ago. My understanding is GR is in favour of some form of distribution back to shareholders.