RE: Result of fund raise and share dilution?7 Feb 2023 18:29
Not sure what AlbertaOil's smoking but, yeah, ok, so I stand corrected, an approx, 50% increase in shares not 100% and therefore an expected other things being equal c.33% fall in share price from recent c.16p to say 10p ... except (so I also thought) a hoped for raise of c.£15m. Numbers approximate .... broad intention of the recent RNS / Prospectus was exactly that AND those new shares were to be admitted to the market 8:00am this morning. So the question remains, for AlbertaOil or indeed anyone with a clearer head ... what was the outcome of that fund raise and new share issue? Lack of evidence/announcement seems deafening to me.