RE: Interesting13 Feb 2024 12:40
The thing is here is that they have no funds to do anything - only enough to keep going until sale of assets - 😮. £130m in debt and according to previous rns assets probably won't cover the debts 😮🤔. So probably no payment to ordinary shareholders on asset sale.
If they decide to keep going concern then they will need to raise funds, probable via placing in which shareholders will probably be invited to participate - but at what price 🤔😮. This is the big question 🤔🤔😮😮.
Not to mention any future bond conversions / bond interest conversions which hopefully some kind of deal can be made to scrap the bond or make much higher strike price 🤷♂️
So on the face of it not much of an investment opportunity here imo, maybe lucky for day trading 🤷♂️. But very dangerous as time could be called very soon here and trading suspended 🤷♂️. Very risky for new entrants imo - long term holders like myself have not much more to lose as virtually wiped out already and so for me I will hold just to so that I have my say as shareholder and on unlikely chance things are sorted and recoup some of losses here 🤷♂️😮🤔. Whatever happens gl all 🙏. And let's hope we can bring these con artists to justice, 👮♂️🔒🔑👏