RE: 3.60 finish31 Jan 2024 16:02
Micky, The shareprice can go to whatever it wants. We have had forecasts of 10, 15, 25 and even 30p. Some of those are above even my optimistic estimates, but certainly 10p is achievable.
However my point is that WHATEVER price we get to, be it 6, 8, 10p+ Prevail will still get another chance to invest at 6p, thats the sweetener they got to come on board early. That is my belief but still just a guess.
IF they do then some people may see it as negative they got such a big discount but IMO anyone who says that now? They have an opportunity to buy today at 3.3p. Another key point:
Prevail and Hemogenyx valued the company for the 6p placing by looking at the value of the company, the SP was not relevant. Prevail were given a 1% stake in Hemogenyx in exchange for getting the company ready for Trials. Its likely they will get another, larger stake in Hemogenyx when they are ready to start trials to pay for them. EVEN if it is at 6p the chances of Prevail selling is very unlikely, they invest in companies, they are not traders.