RE: Ignore amature investors17 Jan 2023 18:04
@OhmyGodOdin
As UG mentioned earlier it absolutely beggars belief that plenty of investors still apparently do not understand the Lanstead sharing agreement
The £2,942,500 gross proceeds of the Lanstead Subscription will be pledged to Lanstead by the Company pursuant to a Sharing Agreement with Lanstead. The Sharing Agreement, details of which are set out below, entitles the Company to receive back those proceeds on a pro rata monthly basis over a period of 24 months, subject to adjustment upwards or downwards each month depending on the Company's share price at the time relative to the Benchmark Price of 0.7333 pence per share. The monthly settlement amounts for the Sharing Agreement are structured to commence approximately one month (or earlier by agreement with Lanstead) following Admission