There's just no volume and no appetite for the share, which is unlikely to chnage until we have more news and hopefully more clarification on the new BOD, funding and next steps...imo.
Agreed. I cannot see the new major shareholder wishing to dilute his holding particularly unless absolutely necessary and surely thats why the previous resolutions were blocked. Also, if you're trying to attract top class new Board members, you need to demonstrate they will have something to work with.
Based on the RNS statements thus far it would appear that they want to invest in other assets. The company also requires cash to keep going until cash flow positive situation so they will need significantly more than £70k. Still not convinced that a placing will actually be the method of funding though.
It's a difficult one, especially since this does seem to move very quickly when it actually starts to move and seems a bit leaky on news, but I'm holding off until finance is resolved one way or the other.
First ever post and first investment in ADME. Been reading the posts and appreciate the differing views, but I like the story here and believe it has potential for a medium/ longer term hold. Will look to add more once financing has been confirmed and new BOD announced.