MTMY30 Jan 2019 20:17
This evening's RNS is to confirm shareholder commitment until the end of March,it's the 6th one come to that in as many weeks.That gives time for all the items in the company's presentation to be agreed and executed upon.
With regards fundraise they haven't given any further details apart from the fact it will be undertaken on the LSE.
I don't see there being much dilution in any case,but over the next few weeks that will become alot clearer.
Team Internet they state in H2 they would like to start the sale mechanism,hoping for a considerably higher offer than what they already have on the table,that's the interesting part.
The BH unanimously approved the company's proposals so that's great news,just need courts ratification.
Of course very dissapointment with today's trading,many sold out but looks like a few took large positions.
This has doubled of course in the last month so is going in the right direction,and am sure over the next six weeks as matters progress further in the company the shareprice will naturally respond,and of course when the uncertainty of the fundraise is cleared plus the new Series A Bonds the market will be able to make a more accurate assessment of the value for equity holders.
Personally for me,I just happy to let this play out now,and fully expect within 2/3 months the shareprice to be somewhat closer to fairer value.
In this game with this kind of recovery investment you need to be patient,and hold your stock from what hopefully will become much larger gains.
Did buy two more tranches today on that lower dip,and will add further in any further dips.
Patience,hold will pay off.