Shows the strength of the news last week, usually the share price drops to placing price immediately. MM's will drop it further but expect a recovery this week
Just a reminder on the upside assuming the board can get a deal over the line, with a current market cap of £400k
"any acquisition target must meet the minimum market capitalisation requirement of £30m. Once this threshold has been met, the Company seeks a target that can be acquired at a suitable valuation"