RE: More share issued27 Jul 2023 09:52
Just an observation/comment; The shares bought by the BoD at the issue price may well be worth a lot more in a few weeks time if everything goes according to plan. Thus, anyone buying at this price will potentially make a lot of money whilst existing shareholders will lose out at least in the short term. Had the cash raise waited a few weeks, I would expect the share price to have been higher and perhaps cash raised at better value for the company, however any buyers at a higher price would not be making so much. I know I am stating the obvious , I'm probably a bit naive, maybe a bit cynical, but this seems like a bit of last minute opportunism for some.
I've been here a long time and I am optimistic for the future of this company, needless to say, quite disappointed at this development.