Just a reminder...2 Jan 2019 07:52
For those sitting on the sidelines and worrying about placements/raise etc... from the updated presentation:
Raise $13m total - $10m from BH/Major shareholders
Remaining $3M probably by way of placing, although it would be at a much higher premium than current price and I see the SP rising significantly prior to this happening..
Some other key points:
Structued proceedings for the sale of Team Internet - 2 non-binding offers received already (rumours of Google being one, although do not quote me on this as its just a rumour, but even so can imagine a huge company such as google looking at TI)
Fair value can be achieved by allowing structured sales process to go ahead once future of Company secured.
Verbal agreement already reached with Rainmaker for the sale of remaining 10% of TI
Remember this isn't an AIM company, it is a main listed company, SP dropped massively due to uncertainty with disagreement with BH but that looks to becoming resolved very soon... watch this space.