RE: Posts16 Feb 2025 18:15
Debull unfortunately it’s nothing out of the ordinary for companies like PYC in the growth stage to raise money. I guess it’s the price they get it away that’s the sticking point. I was impressed and still am at progress here and I think it’s important to remember it’s a 1 million cap now , I do think the SP will rise back to 1p very soon and likely churn a bit. However now they have a further 12 month runway to get some deals signed and develop the new services. I personally also would like to see some director buys to add confidence. But not insignificant amounts , I’d like to see the board more aligned with shareholders.
I knew it was a risk I was walking into a placing but see it as the type of stock that can do 500% with some traction.
What did people expect here , I was hoping the raise would be up at 1p given the great progress they have made this year.
Let’s hope for company changing news this year , they only need a big contact in and a few new clients and this will re-rate.
Good luck all and I’ll be keeping my core pension holding and possibly adding a small top up in April in the market if it stays churning at 0.50P