RE: Kat casting doubt with our BoD.8 May 2024 14:48
Not a cross ramp... just found an example of how companies can acquire, fund and place to retailers' advantage, instead of just doing deals with... whoever.
never ever posted on that share... never owned it.
the acquisition really needs to come along as, if it doesn't then that means the placing 'will be principally used to accelerate the implementation of the Group's GS Money strategy' instead of 'potentially via further acquisitions.'
noone likes the word 'potentially'. that's a lot that still has to manifest into success. If all of them come good then everyone will be laughing... but the timeline for them is... ? There's no proof that they'll come good in time for results.
as for 'casting doubt with out BoD', the only reason the major pro-posters are here is because the BoD did an absolutely sh***y fundraise via clns. Don't recall why that was the preferred route to money but it murdered the sp. so, in reality, all the optimism comes from a trashed share price and a lucky opportunity that they decided to cancel the clns with another raise. if that hadn't happened, there'd be no real rise in the sp for 2 years.
Not saying they're bad and maybe their time has come with UK govt stablecoin moves... but don't paint them as geniuses: their average sp is 2p, ffs!