RE: DA Blog14 Mar 2024 14:44
Sweepie/JR, I wonder how many small investors over the years you've put off buying in here. I'd bet money that it runs to three figures.
You just don't understand how the DA fund raise worked do you? DA decided they needed more money. They cast around to see who might be prepared to invest, alongside those who had already invetsed, including Tern. They asked Tern and Tern said 'oops, soz mate, piggy bank is empty'. So they put the word around... 10/11 pop their heads above the parapet and say 'hmmm yeah ok, but we want x amountof shares for the 7mil.'. DA think, fark, that's a bit cheap, and of course it dilutes our existing investors. Ogh well, sod it, we can do good things with that money and the return to everyone will be enhanced, diluted or not.'
Tern did not 'give away' anything. Or value DA at 25m anything.