Madness you are forgetting the have the extra money plus the taxโs and 2 million in cost savings now. They expected to be cash neutral this year too.
Whatโs more, the placees need 6% above 4p just be break even, and no one invests to sell out breakeven, which is why I suggest there would be churn at 5 or6 pence
They also have been at conferences in the last week or so and are attending multiple others. The money raised as per rns was to give them a bigger presence at these events. As was the recent hires.
I think we were dragged down as the placing was so obvious but now they have the funds (tomorrow) we should see a recovery in price. There will probably be a bit of churn around there 5 to 6 area but once done fab should be more free to climb on newsflow.