RE: 1.2p Warrants9 Oct 2018 14:51
Big7......my take on warrants being exercised now is that being a 1 for 1 attached warrant the investors are just protecting their main investment in the company. By handing over monies along the way ensures the company has a better chance of bringing a successful product to market. These investors are all close-knit within the company...
"To fund activities going forward, Lionsgold has raised gross proceeds of £550,000 through the placing of 68,750,000 new ordinary shares of no par value (the "Placing Shares") at no discount to the prevailing market bid price of 0.8p each ("the Placing") with a 1 for 1 attaching warrant exercisable up to and including 31 December 2018 at 1.2p ("Placing Warrants")."
Of course, as BA says, they probably need a lot more money....
Anyone been keeping tabs on the warrants and whats still remaining?
Fingers crossed for apples 1st day prediction..........lol