Awful RNS yesterday after hours7 May 2020 08:30
Truly awful and snuck in after hours in the hope people wouldnt see.
Not only is there a low ball 85p placing, but they have 1 for 1 warrants at 85p as well. Then to make matters worse there is a death spiral loan note which can be exercised at a 35% discount to VWAP.
Then just when you think it cant get any worse the Directors have awarded themselves 470k shares at 85p in lieu of fees
That is sum dilution. Absolute farce. This will trade 50p tomorrow. Last one out close the door