RE: As expected13 May 2025 19:18
Don’t think you’ve read the RNS properly…15bn shares to be churned and all this is conditional on GM and not even underwritten yet….rns extract:
· Subject, inter alia, to the passing of the Resolutions, is expected that admission of the New Ordinary Shares to trading on AIM ("Admission") will become effective and that dealings in the New Ordinary Shares will commence on or around 4 June 2025.
· The Placing is not being underwritten by Allenby Capital.
In the event that the Fundraise does not complete in full, and the Company is unable to secure alternative sources of funding, the Directors believe that it is unlikely that the Company will be able to continue as a going concern and it is highly likely that the Directors would (in order to fulfil their duties to the Company's creditors and to other applicable stakeholders) seek to place the Company into administration. Any such proceeding would be likely to result in little or no value for Shareholders and Shareholders may lose all or a substantial portion of their investment.