RE: SO429 Nov 2020 12:20
Miagi still here desperately trying to pursuance himself he made the right decision lol
Him and the chairman are major shareholders so would he not give a **** about shareholders?!
Or as you put it UK shareholders lol firstly incase you are unaware of the rules....
ASX - the rules are clear you have to suspend if raising capital
AIM - there is no option to suspend pending a fund raise
So on the above basis as **** as it is he had no option to suspend trading here!
Ultimately when a stock is dual listed the price here will reflect the price their so stop talking rubbish!
Spend your Sunday researching the fundamentals of this stock and that will tell you if your made the correct decision or not don’t be blinded my your anger of a fundraise, yes they are frustrating but I’ve been in quite a few stocks that have done a small fundraise prior to a massive rerate (VRS, BIDS, I3E, ORPH are the biggest risers that come to mind and all were within weeks of the fundraise)
IF (and I’m saying if because we don’t know the details) the raise is relatively small (not 50% increase of shares in issue) and it’s taken up by long term holders that are not going to flip the stock then this will be over 30p within a week!