RE: Obvious18 Nov 2024 11:30
6p? Hopefully as buying now would make you rich.
Presuming you mean 0.06p? If so, nominal value is 0.1p they cant raise below that. If they go to the market it will be above that so:
1. A liquidity event needs to happen to get above that.
2. Funding comes at a premium to the current SP (happy days although unlikely)
3. Share Reorganisation is proposed and approval sought from shareholders.
The price is going up from here one way or another lets face it. Is this a good investment? Hell no!
Well you likely make money buying here? Highly likely.
Trade only, take your seats for the liquidity event.