RE: The Calm before the Storm ?15 Oct 2024 18:46
Absolutely agree Mooch. I've seen a number of comments on Twitter simply dividing £30m by the current mcap, it doesn't work like that unfortunately. There are a number of variables, the main one being shares in issues as you have pointed out.
The problem is, the pennystock market is not accounting any true value with regards to assets. The only way we will get a true reflection is to flip it for cash, an even then we'll not see the full value within the share price. Having cash in the bank will strengthen our hand at the table, something I'm sure the board will be pushing for.