RE: Rise up5 May 2021 23:57
Three months ago we raised 15m Euros at £4+, based on that my £4.50 suggestion is only getting back to fair value.
Since the raise all the news, interviews, board member appointment and new advertised positions in the company have been positive. IMO we are being walked down with the mm’s taking full advantage of the short term mind set of most investors these days.
There is always the chance of an epic fall, but it’s worth looking at who invested at £4+ just 12 weeks ago -
“The Company raised aggregate gross proceeds of EUR 15 million in the Placing. Several new high-quality Continental European institutional investors participated in the Placing, expanding Faron's investor base, along with existing investors, as planned. The European Investment Council Fund, EIC, which had given a pre-commitment, was the largest of the new investors. Faron is the first publicly listed company that the EIC Fund has invested in.”
The 5k block buys suggest there is some behind the scenes action going on, and we have seen this walked down before when Timo has increased his holding.
The sooner we get off AIM and get a full listing the better if you ask me.