RE: £5 milion placing21 Dec 2020 17:28
I have no issue with a placing or giving the placees warrants with short term expiry dates, what i have an issue with is the face that the company could have raised at around 5p during the hype via a straight forward book build placing, but the people who could have arranged that were infact using the hype to fill their own pocket to the tune of tens of millions of shareholder value and not directing the value to RMS the company itself.
That and the fact that they said on 12 November 2020
"As such the Directors do not foresee any current need to raise further funds. "
That was pure and simple complete bs to help them line their pockets.
As it stands a 3 month expiry on the warrants, so the sp will have to atleast double from here for them to be worth excising, plenty of room for new investors to make a new speculative trade, but screws most others and limits the potential upside.