What’s 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.
Shard and Allenby went to their professional clients and were able to raise a shed load of money at 4p. Why because the professional investors believe they can make money from this level.if you need funds immediately or are massively over exposed like micho then I get the frustration and venting.
But this is a massive opportunity for new and reinvestors down here. Look at cash, look at what they have and ask yourself this. If at worst they needed to sell the tech, what would it be worth.
Multiples of cap. That’s what. If they continue to convert existing pipeline clients to revenue then this could really fly.
Investment here depends on your risk tolerance, if you want to tick over with a safe 2% this is not for you. If you are willing to gamble for the massive gains then this. Could be completely life changing.
I am not here to tell you what to do. Are you a trader or a fste 100investor.