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Well the placing wasnt heavily discounted but still dilution for the shareholder. Theres still lots of uncertainty attached to a bag load of new shares. For me nothing has changed apart from more shares and dilution..Hopefully they can turn a corner and get some deals over the line otherwise its over... 4p for the forseeable...
Sharebell, I don’t have to read your post as I know it will be furnished with self importance and grandiosity. You are a fake, fugazi, charlatan that ramps anything you invest in. You are a well known imposter that is annoying and irritating. IMHO DYOR GLA yadda yadda
Come on Sharebel you jump from daily riser to daily riser shouting the same shyte… you cut and paste all the normal rubbish. The reason these BBs are as bad as they are is down to clowns like you. You cut your grannies throat for a fiver and make off on her mobility scooter… don’t like the opposite of what you post, suck it up princess 😂😂😂 IMHO DYOR GLA
IMHO the following points highlighted by the BoDs underline major concerns…
1. Revenues for FY2024 are expected to be significantly weighted towards the second half of the financial year.
2. Projects are and have been delayed.
3. The last fundraiser was at a massive 84% discount.
4. The company has highlighted (and continues to highlight) financial uncertainty and restricted cash flows.
5. The BODs are being paid shares.
6. The company has employed stringent cost cutting strategies.
7. They are currently reducing the workforce.