RE: guys26 Jun 2019 09:31
OK, it 'might'be a coincidence.
BUT,
the fact remains, on Friday they will ask to double the shares in issue and if approved give 100s of millions to pay ff a disaterous 'financing plan' that a few weeks ago they were delighted to announce.
then, after they have issued all the enw shares they will be left without enough cash to last the year out and NO ability to issue any more.
what impact on share price do you think issuing all thoise shares will have?
my view, sp tanks and they are forced to consolidate or they consolidate and then it tanks.
either way anyone holding now will see another significant reduction in value.
those are the things that WILL happen.
the other side of the coin is they 'might' get a deal that brings in cash.
but they have been saying that for litterally years!
why would anyone buy these shares?
I am not short or trying to trade and have held val for many years (unfortunately)