RE: 1p placing kind of did happen11 Nov 2024 11:01
Would you like a tissue?
1, how does it not look like a placing? It quite clearly is however instead of the usual peterhouse special going to shorters its one buyer and they appear to be forward selling with already almost 10m forward sold at 1.18p. Given its only 60m total these should be long gone before first patient injection.
2, money ringfenced for trials, read the RNS, this placing has coke after IRB sign off, just a site visit to go.
3, Vlad has used up his headroom. It's gone. Start of trials RNS? NO PLACING. First patient injection RNS and bounce? NO PLACING.
3, MD Anderson are satisfied this is enough cash until Feb/March.
Take the kick in the balls from the 1p gift someone got, but overall this is very good news for us. In particular I'm glad there won't be a placing next time the sp spikes, no more soundings etc. I would have preferred a loan, but financial stability is delivered regardless.