RE: Funds29 Nov 2023 18:51
I sold a number of shares in the market to fund the open offer because, having previously funded multiple raises to only see my capital depreciate, I did not want to continue simply throwing money at a company that wasn't performing, though I did want to keep the lights on. I would therefore attribute the share price movement before the raise from similar activity to being a product of poor sentiment and historic performance on the company's part, not just me being a "fickle PI". If PIs fully support a rubbish company at every raise then of course it will be able to continue its activities ad infinitum, though there has to be some accountability on the company in encouraging supportive sentiment.