Something not right here5 Dec 2023 18:33
This morning's RNS stated the following:
''The Company is in discussions with other shareholders who have expressed interest in investing alongside the Chairman and largest shareholder on the same terms, notably, via a small placement of new ordinary shares at £0.15 per new ordinary share. An update will be provided shortly.''
How can the company offer new shares to certain other shareholders at the price of 15p when the company is negotiating with two bidders. This can't be allowed when the Senior staff have inside info. Please discuss...