RE: Strange.19 Sep 2019 18:19
Slowlyslowly, the company wont depend on private investors to raise funds at this stage. As you can tell, the market's sentiment is not in our side atm & trading volumes have been relatively low so unless the company brings attractive business opportunities to the table, new PIs wont participate in any future fundraising and without funds they wont be able to close new investment deals so its more of catch 22, this is why they need the involvement of new iis.
Now think of Andrew Fargos as the guardian angel of this company, the chap in the background who owns a chunky position in the company, adme ex MD, successfully sorted out the recent fundraising (via his company Pello), convinced the SWISS (yes the SWISS!) to pay premium for 7% of a company with negative cash flow & very likely the one who brought the sheikh & the CEO to ADME.
This dude is well connected & I am pretty sure that he (and the new CEO) already secured very good business opportunities for adme , otherwise we wont have the support of Peel Hunt (MM!) & the Swiss.
I believe the company will be in a very different position before Christmas !