RE: RNS13 May 2026 19:33
From the 20 April RNS :
"The Board is proposing a share capital reorganisation (the "Capital Reorganisation"), which will be sought by Resolution 7 of the 2025 AGM. The Capital Reorganisation is proposed in order to restore the Company's ability to raise capital by issuing new shares for cash at market price. Under the Companies Act 2006, shares cannot be issued at a price below their nominal value. The current share price of approximately 0.5 pence is below the current 1 pence nominal value per share, which prevents the Company from issuing new shares at market price."
You don't need the divination skills of Nostradamus to work out what comes next now the resolutions have been passed. A deeply discounted forward sold bucket shop placing.
Anyone holding or buying this side of that is a complete mug.
This remains, as it has been for years, for financial masochists only.