RE: £3.5m18 Mar 2025 15:23
Agreed someone definitely just wants out - just looks like coincidence in timing.
That side though I'm actually happy to have the coffers filled at next to no discount in price just a bit of dilution - specially going in to these trade war / recession type times it's a smart move to have funds there. Overall the update that came with the placing news was good and let's us know that they're generally on target revenue wise too. All in all other than this pesky seller I'm really happy with the position they're in.
Grant funds still not used
Extra 1m in the bank
On target revenue
Speed up of NCI which they're putting more money in to (you wouldn't do that if you thought it wasnt looking positive)
little bit of time and up we go imo 👍