RE: >.WRES.<.16 Mar 2022 16:11
Troajan "and they paid a premium,of 6p."
No Troajan, they paid 6p, they did not pay a premium of 6p.
Now worth 3p, so they have lost 50% of their "investment" Ouch.
What other terms to the deal was there ? Discounted/Fixed maximum rate going forward ? No one knows.
It was a placing to raise cash that WRES need to stay afloat, it was not a buy on the open market.