RE: Fully diluted MCap1 Dec 2025 09:38
Yeah, same here — my instinct was to sell at 3p when it hit there but I didn’t pull the trigger. Managed to get out today at 2p at least. You live and learn. There was no way to know management would go and strike a deal like this.
The only glimmer of hope for holders now is that the whole thing is still conditional on the 17th December vote, so it could be rejected. You only resort to this kind of funding structure when you’re out of options, and it screams desperation. If the major shareholders rallied together and pushed for a straightforward equity raise instead, they might still save the situation… though realistically, that feels unlikely.