RE: PFC Litigation8 Jan 2025 16:11
"As referenced above, the Company values its retail investor base and is keen to ensure that retail investors have an opportunity to participate in the equity capital raise. The Company therefore intends to announce an offer of new ordinary shares to retail investors to raise approximately US$8m at the same issue price as the New Equity issued as part of the Restructuring, following the publication of the Company’s audited financial statements for the year ended 31 December 2024. The Company also intends to give preferential allocation to those retail investors who are shareholders on the date of this announcement to the extent reasonably practicable."
If the 'intention' is realised then $8m at the same issue price implies almost 1 for 1 at under 2p.
so if not an existing shareholder best wait to see if sp drops to 2p? if it ever does. 7p next support.