RE: Value after consolidation31 Aug 2023 08:34
"The Directors consider that this number of existing ordinary shares is excessive for a Company of Omega Diagnostics' market capitalisation. "
well they haven't minded for long enough - maybe do something to increase the SP to therefore increase market cap?
"In addition, that price per share is less than the nominal value of an ordinary share (being 4 pence). The Companies Act 2006 provides that a company may not issue shares at a discount to nominal value. Accordingly, given the discount, the Company is not presently practicably able to raise further equity investment."
so have been right all along as to why it is happening. right again. unfortunately
"Whilst the Directors have no current intention to seek to do so, it would be preferable for the Company to be in a position to raise equity investment in the future if that was considered to be in the best interests of the Company at that time."
yeah we heard this before and the next day they were touting for business with the bucket shop flippers.
question : do you still trust this bod?