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PAD just remember this could land at anytime :
However, Julian Dunkerton remains fully committed to the Company over the long-term and is in discussions with the Company in respect of alternative structures, including a possible equity raise fully underwritten by Julian Dunkerton, which would provide additional liquidity headroom for the Company's turnaround plan. It is expected that any equity raise would be at a very material discount to the current share price, require shareholder approval of a Rule 9 waiver (as referred in Note 1 of the Notes on Dispensations from Rule 9 of the Code) and be conditional on a de-listing of the Company. A further announcement will be made as appropriate. There can be no certainty that a transaction with Julian Dunkerton will be agreed.
Brutal last 2 days . It might turn tomorrow? But looks like it's heading lower
I unfortunately got shafted on Tullow Oil a few years back. Made a profit and sold at Β£1.35. bought back later that day cheaper and shares closed at 1.41 on the Friday.
RNS 1st thing on Monday profit warning and funding issues got stopped out at 70p. Shares dropped to 35p. Sometimes you just have to take the loss and move on.
Looks like it's done here unfortunately....
I think this will settle around 5 to 7p and the funding will be at 5p.
I wonder what the big picture was here all along?
Was reading on the other board the T/O rumours allowed alot of investors a way out when it went from 15p to 40s. This also sucked in alot of new investors who are now locked in