RE: Timing23 Apr 2024 19:25
Zag ………Story time
Company releases RNS saying we have just got contract for £x’s
Broker says to company we have a lot of interest and could do a fund raise at a minimal discount we have demand.
Company says sounds good only at X discount. So they cash in on demand. The key is when placing took place? A few days/weeks or month ago. Or last minute as RNS was received very well.
Point being GST is a tight lipped ship and there aren’t any leaks.
Now Brokers always approach Companies to do a fund raise. They aren’t stupid, they know which companies will need to raise to survive. Look at RRR that’s its only life line for survival placing after placing at the discretion of the Broker.
No need to RNS placing at the same time.