Beware the 28th April25 Apr 2017 22:37
So £300.5K Secured Loan Notes converted into Ord @ 34.375p with an admission date of 28 April. Now why would you do that? Well maybe, just maybe, you see the price trading above 60p and see a chance to unload your new shares at a tidy profit before the upcoming placing. It's now 25 days since the announcement of the planned refinacing to be concluded "within weeks". Are the prospective placees striking a hard bargain? After all the recent trading update which caused such excitement revealed pedestrian quarter on quarter progress. Of course if a prospective placee were able to lock in profits on the Ords prior to the placing that would be neater still. All speculation, or reading the runes, call it what you will. Nonetheless seems to me a danger of getting your fingers burnt on this one in the short term.