STAR17 May 2019 14:16
Although I don't share your concerns, I feel the price is where the price is because of the additional funding at 1.25. Repeat raises made some investors concerned and they threw the towel in. In the past, they were raising too small amounts and had to keep coming back.
My hope and as confirmed in the RNS is that the last raise is sufficient to get some movement. Lots will sit on the sidelines until news of orders, developments etc. But i figure get in now and be on board for the start of the ride.
I don't have enough invested to sweat daily movements or loss sleep, but I do have enough that when that red dot lights up I will be happy.
For the context of my post, below is wording from RNS.
'The net proceeds of the Subscription will be used to pay suppliers in order to satisfy further demand for the Company's products, including the new Lokies padlock, details of which were announced on 5 April 2019. In addition, the Company intends to use the net proceeds of the Subscription to intensify its marketing and sales effort and for general working capital purposes. The Directors consider that undertaking an equity raise of this size at this stage will place the Company in a better financial position to pursue its strategy and, at the same time, avoid the requirement for more frequent capital raises that it has made in the past.'