RE: Added….and confident18 Jun 2025 12:38
I think I'm correct in saying that you can't issue new shares at less than the nominal value. In MATD's case, that $0.01, or about 0.75p. They use the prevailing FX rate at the time.
I would suggest MB get this raise done ASAP, because 1.25p at say a discount of 40% is 0.75%. He might just get away with it.
640m shares allowable, £4.8m. Not much, but will keep the company afloat for a while.