RE: DS needs to Update Market17 Jun 2019 12:36
Doubleheadedcoin - if you read the resolutions, you will see that they (if passed) would give them the power to place a number of shares.
It does not give them the power to raise as many shares as they want to reach a specific amount of ££££.
It's typical of most placing power given to BoDs.
As to explaining a share drop, a BoD cannot really give a reason. Remember we are in AIM, where most shares are held by PIs who buy and sell quickly and thus are very volatile, especially with one sniff of delays. So a BoD cannot just "guess" the mindset of the crowd, let alone put that guess in an official regulated statement (i.e. an RNS).