New Year30 Dec 2019 13:44
I'm thinking post GM we get some traction as fund raise approved followed by admission of new shares. Fund raise, on the face of it, appears to have been nothing more than to allow mates to buy on the cheap alongside giving Richard a chance to take a chunk. As an investor obviously I'd have preferred to see Richard buy open market, but whatever.
For what it's worth I've been told the fund raise was heavily supported and sold out immediately. Lots of potential placees didn't even get the chance, so that bodes well. Let the next wave up begin shortly!
Out of interest, does anyone know how much an RTO costs these days? Evolene would be a pretty significant RTO and still seems the most likely as they've directly hinted at it more than once... When fund raise completed, I'd put cash at £1m plus?