RE: Placing Good to increase in the current holdings18 Mar 2021 17:59
Have to admit - this is one of the most uninspiring paragraphs I've ever read from someone happy to dilute share holders at one 3rd of the listing price after being paid well over $1m (plus expenses) for the privallage.
""We are pleased with the current placing from existing and new shareholders, which will enable us to rapidly accelerate the growth of our portfolio companies. We anticipate that each of these companies will make significant progress in 2021 as they continue to execute their go-to-market strategies. We have committed to invest a further £1.25m in Belluscura through exercising our existing warrants and options. As previously announced on 08 March, Belluscura has recently been granted 510(k) clearance and marketing authorisation by the US Food and Drug Administration (FDA) for the X-PLOR2 portable oxygen concentrator and is investigating the potential listing on the AIM Market of the London Stock Exchange (or other recognised stock exchange)."
Other concerns FWIW
we still have no idea what makes Belluscuras product so much better than the competition & why in gods name do they want to bring it to market... it will be a year + before they have a ommersial ready product and the logistics of it a margins... Such an un savvy business decision.
The only plausible explanation is the guys running Belluscura are in business with their egos as opposed to their heads.