RE: Sake of BR22 Jul 2024 19:09
I can see CB raising from the market. The sale of Monica was worded in such a way that we had to accept deal otherwise we would have to raise. However if the sale would have given us the money upfront then the market would have seen that differently and would have pushed so up SP increasing Mcap. However the sale was done on the never never and the markets
Knows it’s just extended XTR and CB’s gravey train for 3 years.
As for not raising money when the Mcap low is total roll ex. If CB wants to raise money he will what a few 100m shares etc. it makes no odds , in fact the lower the sp the easier to sell billions of shares to PIs as a punt. The big boys are just as wary of CB as we are.