RE: Near term outlook15 Feb 2024 15:10
Keeping sharehold dilution isn't an important issue when there's no money in the coffers and no revenue has been created in 14months!
i'm not impressed by sticking his own shares in as collateral when the company purchased his own stake in Madini and paid for those shares!
i thought it was a bit of a disgrace to extend, yet again, the expiry date of the 5p warrants as it just allowed them to undercut the price constantly, at profit and at retailer's expense.
there's going to have to be, presumably, a placing now and, seeing as they just passed a resolution for such, have to see if retailers will 'benefit' from buying shares or if it'll be another closed shop deal for BoD and interested parties!
it really has been shocking how many rns' have failed to materialise in the wealth that was discussed for many, many months. those 40p warrants were supposed to show the way for the sp and i know a good few who were anticipating 60p+ by christmas and loaded up, as such. to be at 6p is a travesty.
just hope he can swallow his pride, apologise for the year and dig us out of this hole.