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The latest Dickie is Q1 next year for IPO... delayed from this month due to advice from brokers re economic climate.
Successful pre IPO @ 3p raising £500k from mainly news investors.
All the rest is if and buts.. can kicking bla bla bla... I'm sure you know the story by now!
I don't follow what you're saying dave? What lower price? We delisted at 2.65p and we raised £500k at 3p. I don't want them to dilute at a lower price at all... i want the main IPO at 3p minimum preferably more... all I'm saying is i find it hard to believe they can't raise the £10m right now nomatter how they chose to do it...They will either have to dilute by adding more shares or have rich donor a loan the £10m
90% of the £500k raised in the pre IPO last month was from new investsors @ 3p per share..
I though we were meant to have a seat at the world banking table? £500k wouldn't cover the Tea & biscuits. A new Fintect banking system should be able to raise £10m in a day..there are Billions of ££££ sitting doing nothing in the city so in my view the £6-£12m figure CP stated last night should be easily achievable and not a reason to delay relisting.. If it was £100m then fair enough but £10M? come on.
I'm sure there is plenty of illegal stuff still going on with markets... from inside info for shorters to heads up before big RNS's (always see big trades going through just before) and in every bank in the world... Like 2 days before the Greek economy crashed many very wealthy indivuals including the Russians emptied Billions from their Greek accounts.. two days later the economy crashed and the average Greek resident couldn't get more than 50 euros out per day.... Coincidence??? i think not.
He did say last night it's always been the plan for mail market relist and insist they continue on that route... they raised £500k in a pre IPO round last month @ 3p per share and are readying the tech which will help them open Tally in other Jurisdictions in the future.
Once again.. it did sound quite positive on the face of it, but its CP's shot to pieces credibility that everyone sees first so they are disbelieving him before he writes anything... if he said the moon comes out at night people will still have to go and check!!
I still find it hard to believe the predicted raise of between £6-£12m is a difficult one in the banking or FinTech world... especially as he also said he intends to grow the SP tenfold within 3 years of relisting... yes you read that right... x10 of the 3p relist price... so 30p for those not good at maths... A bold claim indeed! So is he a visionary.. or deluded induvial with an over inflated sense of grandeur? Hmmmmmm.