Is it that time again?19 Nov 2025 10:05
The monies raised from the last placing about 9 months ago must be close to being exhaused? The company is obviously preparing for the next placing and after obtaiting authority to issue more shares yesterday it will almost certainly use up this option and place yet more shares. Its the only way the company can continue. Always traded by share issues and nothing has changed. Lots of contracts but as we seen by history all non profitable.
So plans must be afoot foot for the next placing. It is not if it does another dilution but when. Will it be before the end of the year? By March 2026 the money raised last time will be all gone. Not sure the company will leave it that long to get necessary funds to stay afloat. So a placing is coming probably some time in December or if not sooner or later by a month either side. By January for sure. So how much discount this time?
It was a 37% discount last time. So more shares at 0.3? Or below?
I am not going to be popular here today.