RE: Fundraising price per share1 Mar 2018 20:19
you’re quite right that anyone in for 1.00 should be worried! I guess my point really is that if the fundraising was for 25p, then everyone now, currently owning shares worth 4 or 5p, would immediately sell after the placing. That doesn’t make sense to anyone planning to invest. Therefore, the placing will always be at or below current share price to make it attractive. All the best, Baz