RE: big red flag14 Dec 2022 09:30
It is what is it, it's non-binding so on AIM people should just invest only what they can afford to lose. If they don't get funding they will need to raise asap for running of day to day business. In terms of long term plan I don't know what that would mean, they would maybe reach out to find another investor or worst case have to raise £20m via equity placing which would go to the city at huge discount and mean significant dilution. Lets wait and see what they do, not long to find out