RE: 1993 movie10 Jul 2020 10:04
Very good Longlad, I see what you did there....!
Many long term holders such as myself are used to these placings, so it's kinda 'water off a ducks back' stuff. I had a feeling that this was going to happen again. It's a shame that the share price was not higher from which to raise funds off, but there we go. It is what it is and in the big scheme of things, at a 10% discount is not bad. I am sure JW wanted to raise off a higher share price, but ultimately the raise had to be done soon for several reasons as set out in the rns. It is important to show potential clients that you have the financial strength to carry out the work you are tendering for. JW and all of us would have loved for the ML to have been granted before this placing, it would have greatly increased the share price imho and would have been better to have raised off this, but as we well know, not everything falls into place in the order we'd like it to. The cynical side of me thought that they were going to raise after the flurry of share purchases a couple of months ago by quite a few INFA PDMRs, including Aunt Ethel, when that took the share price to circa 0.044.
JW knows where he wants to take this company and crikey, look at where they are now and what has been achieved compared to a year and a half or so ago. (Yes, we still await the ML I know). I am a glass half full kinda guy here and am in for the journey. Like I said recently, seat belts on if not already as the voyage continues, with plenty of ups too. Imho.....!