RE: GDR Placing12 Sep 2021 10:59
I think bud has played this well, I recon he has had many opportunities to sell but realises that he needs to sell literally 10s of millions to get a decent amount of money to support product launches. This placing is the easiest way to do it hence the silence and India RNS. In essence at the with the money raised from the placing is the equivalent of selling over 20million if all shares are taken up. He is lazy and has no care to actually sell but to use the market and promise of returns to IIs to get enough money to keep his salary. He has played it smart but at absolutey no care for PIs and other shareholders. This company is solely set up for IIs, PIs always loose here, I’m 44p average I think I’ll get out but by god what a crook. 40% discount on the placing, literally set up for IIs