RE: Surely the target is known24 Sep 2019 09:25
Quite chilled here, just read the rns and the change in the wording
16 April 2019
Bould Opportunities PLC
("Bould" or the "Company")
Company update
The board of directors of Bould Opportunities plc (the "Board") notes the share price movement in recent weeks and confirms that it is not aware of any reason for such a movement.
As detailed in the announcement on 9 April 2019, the Board believe that whilst the current cash position is enough to meet the Company's immediate cash requirements, it is not enough to deliver on the new strategy approved at the General Meeting.
The Board is therefore considering other funding strategies which may include pre-emptive share issues such as an Open Offer or issuances of shares outside of the current pre-emptive authority conditional on further approval from shareholders.
Any such fundraise, if concluded, may be at a material discount to the current market price.
The Company can confirm that whilst it is the Company's intention to find a reverse takeover target, it is not in any advanced discussions with any such target.
24 May 2019
Bould Opportunities PLC
("Bould Opportunities" or "the Company")
Issue of Equity
Bould Opportunities plc (AIM: BOU), is pleased to announce that it has raised gross proceeds of £218,000 (net proceeds of £207,100) via the placing of 1,744,000,000 new ordinary shares of 0.01p each ("Ordinary Shares") with new and existing investors (the "Placing Shares") at a price of 0.0125p per share (the "Placing") which is the same price as was recently offered to all existing shareholders in the Company's Open Offer which closed on 22 May 2019.The net proceeds of the Placing will provide the Company with additional funding to evaluate and execute potential reverse takeover propositions.
Allan Syms, Chairman of Bould Opportunities, said:
'The Group is now in a good position to be able to consider new investment opportunities and is not hampered with any liability for its past loss-making operations. Sufficient working capital has been raised already in 2019 to fund current expenditure. The Directors will consider future funding when there is a clearer view of their proposals for the Group's best way forward from its current position as an AIM Rule 15 Cash Shell. The Group is seeking new investment opportunities in a number of business areas including the health sector.'
So its pretty obvious they have been doing dd