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There is no value in these shares. They have an extension of pay off debt. It does not help Pi but it is time for the company to get as much value it can from asset sales to pay off lead lender. There will be nothing left for Pi and the shares will be suspended and administrators called in. 3 Months later the shares will be suspended. Simple as that.
There comes a point when a company can no longer issues shares. When the price becomes so low and raises so little it is close to the end. Even if it were to wipe out investors and do another raise it has to issue too many shares and not raise enough to keep it in business for long enough. This point is now reached. No fundraise it has no cash, no cash it cannot run. Even if it were to raise it would raise too little. Who would support a fundraise anyway? Its the end of the line. Administration beckons.
3 billion shares to raise £500.000.
50 % dilution at 0.025
And the funny thing is this is what the shareholders voted for. This will be the last fundraise and when this £500,000 is gone administration is to follow. Few months salary to the top brass and the gravy train is on its last journey. The company has no assets and has a wild plan to do hydrogen storage. Its not going to work and the company will be broke waning to do another fundraise before it dawns that personal investors have had enough.
0.025
50% discount and total wipe out for all investors. Who the hell voted for this?
"Wait for the brutal RNS. Writing on the wall since the turn of the year. DYOR".
OBVIOUSLY HE MISSED HIS OWN ADVICE AND DID NOT DO HIS OWN RESEARCH. THEN PERHAPS HE DID. and it was flawed. Anyone seen the moneymule today?
1.4
UP 50%
Up 40%
I told that idiot the other day who kept talking of administration the company would NOT do a fundraise and they had options to sell licence and or sell an asset. Seem to be just that. Now where is that guy gone? Has he disappeared?
WELL DONE MAVERICKD
One of the few who called it correct and bought the dip.
UP 38%
FLYING NOW
1.24 - 1.25
Up 18% in auction. 1.1
Looks like the company has been turned around. Its good that the Moon guy was replaced. New management seem to know what they are doing. Expected doubling of EBITDA and reduction in debt when changes fully implemented. Pretty good considering.
Glad I bought the dip. Who was influenced by the deramper`s spouting the words administration over and over again. What was that guys name? If he went short he is now in trouble and has to buy back. Forced to buy back on spike. Wow.
"THE COMPANY IS IN ACTIVE DISCUSSION WITH A BROAD RANGE OF POTENTIAL COMMERCIAL PARTNERS WITH OBJECTIVE OF COMPLETING DEALS ACROSS THE PORTFOLIO IN 2024".
This should jump 100% today..
"Future cash requirements are fully expected to be met through non dilutive income and the company`s assets or or new commercial deals".
Where are those guys who were predicting administration the other day? Were they short? Let them buy back now.
Booooom
Decimal point issue.
0.025 in new money.
No which funder will put in money and how much discount will they want? 40% seems to be the going rate. Hold tight.
0.004 coming in old money. Dont forget the old money price. then add on 10% drop that occur when shares are consolidated. 0.003 in old money is about 0.03 in new money? So shares will open after dilution about 00.25. All investors wiped out. Turkeys voting for Christmas. LOL