Whilst I agree there are some rogue companies/BODs on AIM, that is not the case with RENE. There was no manipulation here. They threw out a final hail mary to get the product commercialised but couldn't gain any interest. The precarious nature of the company was laid out VERY CLEARLY in black and white in the RNS. If people are too stupid to read or understand it, then there really shouldn't be investing in the stock market.
They raised more than I expected. I opted not to partake as I expected the SP to drop back and have no confidence in the company. The CEO and Finance Director are not impressive or convincing and I was waiting to see if they put their money where their mouth is.................looks like they don't have confidence in the future either
Whilst it is a reasonably good RNS for Jan traffic, I think the outlook is very much uncertain. I highly doubt Israel flights will reconvene next month, the conflict shows no sign of easing and it will still be too dangerous to fly to Tel Aviv.