RE: Geni clawing back from a low base26 Jan 2026 18:50
Just 3.4m traded today, will they ever clear that placing.....
traded at 1.9p just before placing so looks to 0.95p offers 100% upside if it recovers, BUT
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with 286.88m shares thats MC £5.45m at 1.9p
on admission will ~700m shares at 1p ,MC £7m
So thats equiv of 2.4p before placing..
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Without the FDA story. buying 1p now looks to carry risk as its equiv of 2.4p, so 1.9p equates to ~4.6p...
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Following Admission of the Placing Shares and the Subscription Shares and assuming the full take up of the Retail Offer, the Company will have 725,027,042 Ordinary Shares in issue.......Was only ~20m retail take up of 50m offered, so ~700m