Will struggle to sell as no one wants to buy at this price. A placing effectively is a way to raise new capital but in this instance and in most it will dilute the share price of current holders.
Shame the rampers of yesterday who had already made "bags" have influenced amateur traders in to this. Should be ashamed. 80p placing - what a joke of a company - know who wouldn't sell out PI's like that - Novacyt.
Well done all for holding nerve. Great day all in all. Well done to those that managed to top up at the 60p levels, an easy 10% ready for take off on the next RNS!
The stock market as of late has really given some false sense of hope and delusion for amateur traders - expecting significant returns day in and day out.