It is one thing for a broker to invite you to take part in a placing. Apart from the fact of the placing, that does not of itself involve privileged information.
It is a different matter if company management shares confidential information with a potential investor.
"they will have seen the Prospectus and CPR as part of their DD, plus lengthy discussions with PG & Lonny"
Isn't it illegal to give advance information to one potential investor, before it is generally available? Isn't that the definition of insider trading?
However, the figures from the half-year report show cash of £2.9m at 31.12.22, as against 4.3m at 30.6.22 and 5.6m on 31.12.21. Once the cash figure falls anywhere near £1m, they have to raise. With trials going on, I think that time cannot be far off.
Thoth/Andy was a genius, nothing less. I don't know if the company management here understood how much he did to prop up the share price, but the investors certainly did.
I never met him, but I miss him a lot. You and your daughters must be proud.