RE: In the RNS31 Oct 2023 10:07
4 placements so far in 2023 @ 0.55p, 0.46p, 0.35p and most recently at 0.195p
2.065bn shs issued diluting shareholders’ holdings by 47%
The company has lost approximately £1m per month for the period May 2021 to April 2023. Just let sink for a
moment. £24 million gone in that time.
Mkt cap is £7m
Little cash on deposit.
They need to pull a rabbit out of the hat in the next couple of months or it’s curtains.
A vastly overrated stock in my opinion