RNS15 Jan 2015 08:38
I echo your thoughts Cheryl and Freshy. First of all the company would not be asking Helium for the loan if they thought the writing was on the wall, and Helium certainly wouldn't be providing it if there was too much risk. The RNS shows they have been busy and close to success, but just not there yet. All we can hope is this current acquisition will come good. Even if it doesn't, they still have 6 months after suspension to find something. In my experience, suspension isn't so bad, it seems AIM listed companies can come out of suspension, with a much higher SP, especially if news is positive. However, I expect the company to be doing all they can to seal this deal prior to 14th Feb. The other take I have on this, is, possibly the company don't need this loan a month before possible suspension, and are openly saying a transaction is on the table, and therefore wish to drum up some interest and raise the SP before a possible placing.... just a thought. Although at them moment MMs are being sneaky trying to get some cheap ones imo. GLA